HomeMy WebLinkAbout165 - 12/03/2013 - APPROPRIATING UNANTICIPATED GRANT REVENUE IN THE CAPITAL PROJECTS FUND FOR THE DRAKE ROAD AND SHIELD ORDINANCE NO. 165, 2013
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED GRANT REVENUE IN THE
CAPITAL PROJECTS FUND FOR THE DRAKE ROAD AND SHIELDS STREET
INTERSECTION IMPROVEMENT PROJECT
WHEREAS, in 2011, the City's Engineering Department completed an Arterial
Intersection Prioritization Study in which the Drake Road and Shields Street intersection was
identified as a location in need of safety and operational improvements; and
WFIEREAS, existing problems with the intersection include higher than average vehicle
accident rates, significant congestion, and intersection delays; and
WHEREAS, the Drake Road and Shields Street intersection improvements are tentatively
scheduled for 2015, after completion of the preliminary design, right of way acquisition, utility
relocations, and final design; and
WHEREAS, the City has received a Colorado Department of Transportation - Federal
Hazard Elimination grant in the amount of$887,400 for improvements to reduce vehicle delays
at the Drake Road and Shields Street intersection; and
WHEREAS, this Ordinance appropriates the federal grant funds into the Capital Projects
Fund for the Drake/Shields Intersection Improvement Project, to be used for design, right-of-way
acquisition, and construction of the dedicated right turn lane for northbound and southbound
Shields Street to Drake Road; and
WHEREAS, the grant requires matching funds from the City in the amount of$98,600,
which funds are available from existing appropriations in the Intersection Improvements and
Traffic Signals 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 federal grant funds
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 from unanticipated grant revenue in the
Capital Projects Fund the sum of EIGHT HUNDRED EIGHTY-SEVEN THOUSAND FOUR
HUNDRED DOLLARS ($887,400) for expenditure on the Drake/Shields Intersection
Improvement Project.
Introduced, considered favorably on first reading, and ordered published this 19th day of
November, A.D. 2013, and to be presented for final passage on the 3rd day of December, A.D.
2013.
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Passe pted on final reading on the 3rd day of December, A.D. 2013.
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