HomeMy WebLinkAbout008 - 02/21/2012 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND, MASON CORRIDOR PROJECT FOR THE MAX ORDINANCE NO. 008, 2012
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND,
MASON CORRIDOR PROJECT FOR THE MAX BUS RAPID TRANSIT PROJECT
WHEREAS,the MAX Bus Rapid Transit project("MAX")is a five-mile,north-south byway
extending from Cherry Street to approximately one quarter mile south of Harmony Road; and
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WHEREAS,the City was awarded a grant from the Federal Transit Administration("FTA")
for the MAX project(the "Grant"); and
WHEREAS,MAX includes six park-n-ride locations,twelve stations/stops, and two transit
centers; and
WHEREAS,the MAX project also includes improvements to the existing Downtown Transit
Center, construction of the new South Transit Center, and expansion of the existing Transfort
maintenance facility to accommodate six new BRT buses; and
WHEREAS,the City Council adopted Resolution 2012-005 authorizing the Mayor to sign
the Project Construction Grant Agreement between the City and the FTA for the construction of the
MAX project; and
WHEREAS, the total construction cost for the MAX project is $86,833,848; and
WHEREAS, the Grant provides that 80% of the.MAX project funding will come from the
FTA and 20%will come from local matching funds; and
WHEREAS,this Ordinance appropriates the remaining FTA funds of$14,845,076 resulting
in the total appropriated amount of$86,833,848 for the MAX project; and
WHEREAS, Article V, Section 9, of the City Charter authorizes the City Council to make
supplemental appropriations by ordinance at any time during the fiscal year, provided that the total
amount of such supplemental appropriations,in combination with all previous appropriations for that
fiscal year, does not exceed the current estimate of actual and anticipated revenues to be received
during the fiscal year; and
WHEREAS, City staff has determined that the appropriation of the Grant funds will not
cause the total amount appropriated in the Capital Projects Fund to exceed the current estimate of
actual and anticipated revenues to be received in that fund during the fiscal year.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated from unanticipated revenue in the Capital Projects Fund
the sum of FOURTEEN MILLION EIGHT HUNDRED FORTY-FIVE THOUSAND SEVENTY-
SIX DOLLARS($14,845,076)for expenditure in the Capital Projects Fund,Mason Corridor Project
for the MAX Bus Rapid Transit Project.
Introduced, considered favorably on first reading, and ordered published this 7th day of
February,A.D. 2012, and to be presented for final passage on the 21 st day of February,A.D. 2012.
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Passed and adopted on final reading on the 21 st day of February, A.D. 2012.
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