HomeMy WebLinkAbout102 - 09/06/2011 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND, MASON CORRIDOR PROJECT FOR THE SOU ORDINANCE NO. 102, 2011
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE
CAPITAL PROJECTS FUND, MASON CORRIDOR PROJECT FOR THE
SOUTH TRANSIT CENTER PARK AND RIDE
WHEREAS, the South Transit Center (the "STC") Park and Ride is a component of the
Mason Corridor Project; and
WHEREAS,the STC Park and Ride will be located on City-owned property located near the
intersection of Fairway Lane and Fossil Boulevard approximately one-half mile south of Harmony
Road and at the south terminus for the future MAX bus service; and
WHEREAS,the STC Park and Ride will be Transfort's first park and ride facility and with
170 public parking stalls it will provide access to the Mason Trail and Transfort bus service; and
WHEREAS,the City Council has adopted Resolution 2011-068 authorizing the City to enter
into an intergovernmental agreement with the Colorado Department of Transportation ("CDOT")
for the construction of the South Transit Center Park and Ride; and
WHEREAS, CDOT's FASTER (Funding Advancements for Surface Transportation and
Economic Recovery)funding will provide 80%of the project costs in the amount of$820,430, and
the 20%local match in the amount of$205,108 will be provided in the form of the City-owned land;
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 have determined that the appropriation of the revenue as described
herein 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 any fiscal year.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated from unanticipated revenue from the Colorado
Department of Transportation grant funds in the Capital Projects Fund the sum of EIGHT
HUNDRED TWENTY THOUSAND FOUR HUNDRED THIRTY DOLLARS ($820,430) for
expenditure in the Capital Projects Fund, Mason Corridor Project - South Transit Center Park and
Ride.
Introduced, considered favorably on first reading, and ordered published this 16th day 6i"
August, A.D. 2011, and to be presented for final passage on the 6th day of September, A.D. 2011.
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Passed and adopted on final reading on the 6th day of September, A.D. 2011.
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