HomeMy WebLinkAbout027 - 04/17/2012 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND FOR THE FORT COLLINS MUSEUM/DISCOVE ORDINANCE NO. 027, 2012
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL
PROJECTS FUND FOR THE FORT COLLINS MUSEUM/DISCOVERY
SCIENCE CENTER EXHIBITS PROJECT
WHEREAS, in March 2008, the City and the Discovery Center, a Colorado non-profit
corporation, d/b/a Discovery Science Center (the "NPC"), now officially known as FCDM, Inc.,
entered into an operating agreement for the construction and operation of the Fort Collins
Museum/Discovery Science Center Project; and
WHEREAS, pursuant to the operating agreement, the cost of the exhibit design contract in
the amount of$1,285,000 is to be shared equally by the City and the NPC; and
WHEREAS, staff is working with the contractor to complete the first two phases of the
exhibits by the opening date of November 10, 2012; and
WHEREAS, funds in the amount of$225,000 have been provided by the NPC for exhibit
fabrication costs; 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 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 in the Capital Projects Fund
the sum of TWO HUNDRED TWENTY-FIVE THOUSAND DOLLARS($225,000)for expenditure
on the Building on Basics - Fort Collins Museum/Discovery Science Center Joint Facility Exhibits
Project.
Introduced,considered favorably on first reading,and ordered published this 3rd day of April,
A.D. 2012, and to be presented for final passage on the 17th day of April, A.D. 2012.
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Passed and adopted on final reading on the 17th day of April, A.D. 2012.
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