HomeMy WebLinkAbout168 - 12/20/2011 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND FOR THE FORT COLLINS MUSEUM/DISCOVE ORDINANCE NO. 168, 2011
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 PROJECT
WHEREAS, on November 1, 2005, Fort Collins voters passed Ordinance No. 092, 2005,
approving the "Building on Basics" ("BOB") tax for certain capital projects; and
WHEREAS, $6,000,000 was included in the BOB capital project program for construction
of a new combined-use facility for the Fort Collins Museum/Discovery, Science Center ("the
Project'); and
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 Project; and
WHEREAS,the Project will be jointly owned,managed,and funded by the City and the NPC
and will expand the educational experience of city residents by providing a broader array of
scientific,cultural and historical exhibits in a single location,and will also provide an exciting new
City amenity; and
WHEREAS, the cost of the exhibit design contract in the amount of$1,285,000 will be
shared equally by the City and the NPC, which is $642,500 for each party; and
WHEREAS, the NPC'has previously provided funds in the amount of$481,875 for the
exhibit design contract which funds have been appropriated; and
WHEREAS,the final payment of$160,625 from the NPC for the exhibit design contract has
been received by the City; and
WHEREAS, the City has also received a donation of$2,443 from LaFarge for the Project
and these funds will be appropriated and used for the fabrication of the Exhibit Master Plan; 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 ONE HUNDRED SIXTY-THREE THOUSAND SIXTY-EIGHT DOLLARS($163,068)
for expenditure on the Building on Basics - Fort Collins Museum/Discovery Science Center Joint
Facility Project.
Introduced, considered favorably on first reading, and ordered published this 6th day of
December, A.D. 2011, and to be presented for final passage on the 20th day of December, A.D.
2011.
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Passed and adopted on final reading on the 20th day of December, A.D.
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