HomeMy WebLinkAbout129 - 10/21/2014 - APPROPRIATING UNANTICIPATED GRANT REVENUE INTO THE CAPITAL PROJECTS FUND FOR THE WEST MULBERRY STREE ORDINANCE NO. 129, 2014
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED GRANT REVENUE INTO THE CAPITAL
PROJECTS FUND FOR THE WEST MULBERRY STREET BRIDGE REPLACEMENT
PROJECT
WHEREAS, the City has been awarded a grant from the Colorado Department of
Transportation's Off-System Bridge Program for $700,000 (the Grant); and
WHEREAS, the Grant is for the replacement of the West Mulberry Street Bridge near
City Park; and
WHEREAS, based on federal bridge inspection standards, the West Mulberry Street
Bridge has been identified as structurally deficient because it is progressing toward deterioration
and does not have the desired load carrying capacities; and
WHEREAS, the total estimated cost of the West Mulberry'Street Bridge Replacement is
$1,200,000 which will be funded by the Grant ($700,000) and existing appropriations of
$500,000 in the Keep Fort Collins Great Fund - City Bridge Program which will meet the
required Local Match and Local Overmatch Funds; and
WHEREAS, the City Council has adopted Resolution 2014-083 authorizing the City to
enter into a contract with the Colorado Department of Transportation for the construction of the
West Mulberry Street Bridge Replacement; 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 have determined that the appropriation of grant funds 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 during the fiscal year.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
FORT COLLINS that there is hereby appropriated for expenditure from unanticipated grant
revenue in the Capital Projects Fund the sum of SEVEN HUNDRED THOUSAND DOLLARS
($700,000) for expenditure in the Capital Projects Fund for the West Mulberry Bridge
Replacement Project.
I
Introduced, considered favorably on first reading;and ordered published this 7th day of
October, A.D. 2014, and to be presented for final passage one e 21st day of October, A.D. 2014.
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Passed and adopted on final reading on the 21st day of October, A.D. 2014.
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