HomeMy WebLinkAbout036 - 05/15/2012 - APPROPRIATING ADDITIONAL UNANTICIPATED GRANT REVENUE IN THE GENERAL FUND FOR THE EXTERIOR PRESERVATI ORDINANCE NO. 036, 2012
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING ADDITIONAL UNANTICIPATED GRANT REVENUE
IN THE GENERAL FUND FOR THE EXTERIOR PRESERVATION AND
RECONSTRUCTION OF THE AVERY BUILDING AT THE
INTERSECTION OF COLLEGE AND MOUNTAIN AVENUES
WHEREAS, the City has been awarded a grant in the amount of $220,000 from the
Colorado Historical Society State Historical Fund program; and
WHEREAS, the grant will fund the Avery Building preservation and reconstruction
project (the "Project") that includes the exterior restoration and rehabilitation of the original
brick, stone masonry, wood, windows, and storefronts along College Avenue; and
WHEREAS, the Project has been an ongoing, high-visibility project that has provided
both direct and indirect economic benefits to the community; and
WHEREAS, the City's Community Development and Neighborhood Services staff will
be responsible for administering the grant/cash match funds on behalf of the property owner but
there is no financial obligation by the City; 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 State Historical Fund
grant funds as described herein will not cause the total amount appropriated in the General Fund
to exceed the current estimate of actual and anticipated revenues to be received in that fund
during the fiscal year; and
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
FORT COLLINS that there is hereby appropriated from unanticipated grant revenue in the
General Fund the sum of TWO HUNDRED TWENTY THOUSAND DOLLARS ($220,000) for
expenditure in the General Fund for the exterior preservation and reconstructions of the Avery
Building.
Introduced, considered favorably on first reading, and ordered published this 1 st day of
May, A.D. 2012, and to be presented for final passage on the 15th day of May, A.D. 2012.
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Passed and adopted on final reading on the 15th day of May, A.D. 2012.
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