HomeMy WebLinkAbout076 - 09/04/2012 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND FOR THE VINE DRIVE AND SHIELDS STRE ORDINANCE NO. 076, 2012
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE-IN THE CAPITAL
PROJECTS FUND FOR THE VINE DRIVE AND SHIELDS
STREET INTERSECTION IMPROVEMENTS PROJECT
WHEREAS, in 2011, the City Engineer completed an arterial intersection priority study
which ranked Vine Drive and Shields Street as an intersection in need of safety and operational
improvements; and
WHEREAS,the intersection demonstrated poor horizontal geometry,deficient or nonexistent
bicycle and pedestrian facilities and higher than average vehicle accident rates as well as significant
congestion; and
WHEREAS, an "alternatives analysis" report was prepared by Muller Engineering which
suggests that a single-lane roundabout intersection at that location will outperform a signalized
intersection with respect to safety, right-of-way impacts to local businesses, costs and operations;
and
WHEREAS, the single-lane roundabout intersection would also have a positive impact on
short and long term air quality, would improve storm drainage facilities, would enhance landscape
elements and would provide accessible crosswalks for bicycle and pedestrian users; and
WHEREAS,pursuant to Resolution 2012-067 City Council has determined that a single-lane,
modern roundabout is the preferred alternative for the Vine Drive and Shields Street intersection
improvement; and
WHEREAS, the City has been awarded a federally funded Colorado Department of
Transportation (CDOT) grant through the North Front Range Metropolitan Planning Organization
in the amount of$1,054,000 for improvements at the Vine Drive and Shields Street intersection;and
WHEREAS, the City will also receive $325,000 from the Regional Road Impact Fee
administered by Larimer County to be used as matching funds for the grant; and
WHEREAS,existing appropriations in the amount of$322,101 from the Building on Basics
Intersection Improvements Project will be used as an overmatch for this grant; and
WHEREAS,the total of the aforementioned funds in the amount of$1,701,101 will be used
for the design, right-of-way acquisition, and construction of the Vine Drive and Shields Street
Intersection Improvements Project (the 'Project"); and
WHEREAS,this Ordinance appropriates the CDOT grant and the Regional Road Impact Fee
to be used for the Project; 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 during fiscal year 2012.
— -- -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 MILLION THREE HUNDRED SEVENTY-NINE THOUSAND DOLLARS
($1,379,000) for expenditure in the Capital Projects Fund for the Vine Drive and Shields Street
Intersection Improvements Project.
Introduced, considered favorably on first reading, and ordered published this 21st day of
August, A.D. 2012, and to be presented for final passage on the 4th day of September, A.D. 2012.
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City Clerk
Passed and adopted on final reading on the 4th day of September, A.D. 2012.
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