HomeMy WebLinkAbout028 - 03/03/2015 - APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND FOR TRANSFER TO THE CAPITAL PROJECTS FUND AND ORDINANCE NO. 028, 2015
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND FOR TRANSFER
TO THE CAPITAL PROJECTS FUND AND AUTHORIZING THE TRANSFER OF
EXISTING APPROPRIATIONS FROM THE STREET OVERSIZING FUND TO THE
CAPITAL PROJECTS FUND FOR THE LINCOLN CORRIDOR IMPROVEMENTS
PROJECT AND TRANSFERRING APPROPRIATIONS TO THE CULTURAL SERVICES
AND FACILITIES FUND FOR THE ART IN PUBLIC PLACES PROGRAM
WHEREAS, the Lincoln Corridor Plan (the "Plan") was approved by City Council
pursuant to Resolution 2014-040 and the Plan developed a vision and a preliminary multi-modal
design for Lincoln Avenue between Jefferson Street and Lemay Avenue; and
WHEREAS, City Plan recognized the potential for Lincoln Avenue to become a "Great
Green Street' by developing a new road design to address context-sensitive solutions to connect
with Downtown and surrounding areas; and
WHEREAS, the Lincoln Avenue corridor is also recognized as a priority gateway in the
Downtown Plan (1989) and the City's adopted streetscape standards; and
WHEREAS, the Lincoln Corridor portion of Lincoln Avenue lacks basic infrastructure in
many places and needs to be brought up to current City standards; and
WHEREAS, this appropriation is for the purpose of funding design, right-of-way
acquisition and construction of the Lincoln Avenue Improvements from 1st Street to Lemay
Avenue; and
WHEREAS, at the level of enhancements currently proposed, the project is estimated to
cost $6.5 million, of which $4.1 million is appropriated in this Ordinance; and
WHEREAS, one percent of the appropriation for the construction project, net of right of
way cost, ($36,954) must be transferred to the Cultural Services and Facilities fund for a
contribution to the Art in Public Places (APP) program, with $28,824 reserved for the APP
artwork project and $8,130 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
appropriate by ordinance at any time during the fiscal year such funds for expenditure as may be
available from reserves accumulated in prior years, notwithstanding that such reserves were not
previously appropriated; 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.
1
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That there is hereby appropriated for transfer from prior year reserves in
the General Fund to the Capital Projects Fund and appropriated therein the sum of THREE
MILLION DOLLARS ($3,000,000) for the Lincoln Corridor Improvements Project.
Section 2. That the unexpended appropriated amount of ONE MILLION ONE
HUNDRED SIX THOUSAND DOLLARS ($1,106,000) is hereby authorized for transfer from
the Street Oversizing Fund to the Capital Projects Fund and appropriated therein for the Lincoln
Corridor Improvements Project.
Section 3. That the unexpended appropriated amount of TWENTY-EIGHT
THOUSAND EIGHT HUNDRED TWENTY-FOUR DOLLARS ($28,824) 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 Project.
Section 4. That the unexpended appropriated amount of EIGHT THOUSAND ONE
HUNDRED THIRTY DOLLARS ($8,130) 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.
Introduced, considered favorably on first reading, and ordered published this 17th day of
February, A.D. 2015, and to be presented for final passage
�onntthe 3rd day of March, A.D. 2015.
`�SeC�! ova GI� Gt� T
G\�Y OF Fob mvyor
ATTEST:
14 :r
;r
co:
City Clerk ti 0
Passed and adopted on final reading on the 3rd day of March, A.D. 2015.
OR F .... .. Mayo
ATTEST: A. yN
SEAL
City Clerk
- 2 -