HomeMy WebLinkAbout064 - 07/07/2015 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND FOR THE VINE DRIVE AND SHIELDS STRE ORDINANCE NO. 064, 2015
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 AND TRANSFERRING
APPROPRIATIONS TO THE CULTURAL SERVICES AND FACILITIES FUND FOR THE
ART IN PUBLIC PLACES PROGRAM
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
concluded 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, and cost of
operation; 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 total amount of$1,701,101 has been appropriated for the design, right-
of-way acquisition, and construction of the Vine Drive and Shields Street Intersection
Improvements Project (the 'Project"); and
WHEREAS, the City and the County have jointly established the Regional
Transportation Capital Improvement Expansion Fee (the "Regional Road Impact Fee"), which
for the City is set out in Chapter 7.5, Article VI, of the City Code and has as its intent and
purpose to establish a fee program to assure that new development contributes a proportionate
share of the costs of providing new capital improvements for the Regional Road CIP system; and
WHEREAS, due to escalating construction costs, additional funds in the amount of
$150,000 from the Regional Road Impact Fee have been identified by City and County staff to
be used for the Project; and
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WHEREAS, this Ordinance appropriates the additional Regional Road Impact Fee to be
used for the Project; and
WHEREAS, one percent of the appropriation for the construction project, ($1,500) must
be transferred to the Cultural Services and Facilities fund for a contribution to the Art in Public
Places (APP) program, with $1,170 reserved for the APP artwork project and $330 reserved for
the maintenance of the artwork and operations of the APP program; 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 2015; and
WHEREAS, Article V, Section 10 of the City Charter authorizes the City Council to
transfer by ordinance any unexpended and unencumbered appropriated amount or portion thereof
from one fund (project) to another fund (project), provided that the purpose for which the
transferred funds are to be expended remains unchanged.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That there is hereby appropriated from unanticipated revenue in the
Capital Projects Fund the sum of ONE HUNDRED FIFTY THOUSAND DOLLARS ($150,000)
for expenditure in the Capital Projects Fund for the Vine Drive and Shields Street Intersection
Improvements Project.
Section 2. That the unexpended appropriated amount of ONE THOUSAND ONE
HUNDRED SEVENTY DOLLARS ($1,170) in the Capital Projects Fund - Lincoln Corridor
Improvements Project is authorized for transfer to the Cultural Services and Facilities Fund and
appropriated therein for the APP Art Project.
Section 3. That the unexpended appropriated amount of THREE HUNDRED
THIRTY DOLLARS ($330) in the Capital Projects Fund - Lincoln Corridor Improvements
Project is authorized for transfer to the Cultural Services and Facilities Fund and appropriated
therein for the Art in Public Places Program Maintenance and Operations.
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Introduced, considered favorably on first reading,and ordered published this 2nd day of
June, A.D. 2015, and to be presented for final passage on the 7th day of July, A.D. 2015.
Mayor
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City Clerk cO<oRrio°.
Passed and adopted on final reading on the 7th day of July, A.D. 2015.
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