HomeMy WebLinkAbout004 - 02/01/2011 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND FOR THE VETERANS PLAZA PROJECT AT S ORDINANCE NO. 004, 2011
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND
FOR THE VETERANS PLAZA PROJECT AT SPRING CANYON COMMUNITY PARK
WHEREAS, in 2008, a group of Fort Collins citizens initiated a project that would honor
veterans in the community through the construction of a memorial to be constructed on City property
(the "Project"); and
WHEREAS, Spring Creek Canyon Park has been identified as a suitable location for the
Project; and
WHEREAS, the Project has been designed by an independent landscape architect retained
by a citizens' group known as the Veterans Plaza Committee (the"Committee"), with oversight by
City staff, and
WHEREAS,the first phase of the Project,to be constructed at an estimated cost of$115,435,
will have as its focal point a bronze statue honoring veterans,and it will incorporate concrete walks,
a grass amphitheatre, shade trees, a garden, and platform stage; and
WHEREAS,the second phase of the Project,the cost of which is estimated at$159,565,will
add flagpoles, stone seating in the amphitheatre and other amenities, including two stone memorial
walls embedded with touch screen/ interactive monitors that will allow visitors to search for and
view the names, photos, and biographies of veterans who have ties to northern Colorado; and
WHEREAS,the Committee has raised sufficient funds to cover the first phase of the Project
and will continue its fundraising efforts; and
WHEREAS, all funds received by the Committee are being donated to the City to be
expended on the Project; and
WHEREAS, $25,000 of the total Project cost of$300,000 has already been appropriated by
the City Council in the form of Resourcing our Future tax revenues through adoption of the 2011
Annual Appropriation Ordinance,leaving$275,000 of revenues to be appropriated from existing and
future donations; and
WHEREAS, Article V, Section 9, of the City Charter permits 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 SEVENTY-FIVE THOUSAND DOLLARS ($275,000) for the
Veterans Plaza Project at Spring Creek Community Park.
Introduced, considered favorably on first reading, and ordered published this 18th day of
January, A.D. 2011, and to be presented for final passage on the ay of February, A.D. I.
Mayor
ATTEST:
C1�C�
City Clerk
Passed and adopted on final reading on the 1 st day of Feb ry, A.D. 2011.
May(L)
,.ATTEST:
City Clerk