HomeMy WebLinkAbout025 - 03/04/2014 - APPROPRIATING PRIOR YEAR RESERVES IN THE WATER FUND TO FUND THE REPLACEMENT OF THE COLLEGE AVENUE WA ORDINANCE NO. 025, 2014
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE WATER FUND TO FUND THE
REPLACEMENT OF THE COLLEGE AVENUE WATERLINE FROM MULBERRY
STREET TO BUCKEYE STREET
WHEREAS, the Colorado Department of Transportation (CDOT) will be repaving
Highway 287 from Berthoud to Fort Collins, starting in the Spring of 2015, which will include
College Avenue through the City; and
WHEREAS, Fort Collins Utilities has water mains under this section of roadway that are
deteriorating and are not adequately sized to serve the current and anticipated population in the .
area; and
WHEREAS, Utilities is proposing to replace these lines in 2014 ahead of the CDOT
work in order to reduce impacts to future new pavement and avoid related costs to the Water
Utility; and
WHEREAS, the College Avenue waterline project will replace the waterline in College
Avenue from Mulberry Street to Buckeye Street, and will replace the waterline in several side
streets (Myrtle, Laurel, Garfield, Edwards, Pitkin, and Buckeye) connecting to the mains in
College Avenue; and
WHEREAS, the project includes replacement of 6,500 feet of existing 4-inch to 8-inch
cast iron waterline with 8-inch PVC waterline, as well as replacement of existing valves, service
lines and fire hydrants; and
WHEREAS, Utilities has requested that $2,100,000 be appropriated from Water Fund
Reserves for the related construction work; 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, City staff has recommended that the City Council appropriate $2,100,000
from prior year reserves in the Water Fund to be used for the construction of a water main
replacement project; and
WHEREAS, the City Council has determined that the waterline project and use of Water
Fund reserves as described herein will benefit the ratepayers of the Water Utility.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
FORT COLLINS that there is hereby appropriated for expenditure from prior year reserves in the
Water Fund the sum of TWO MILLION, ONE HUNDRED THOUSAND DOLLARS
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($2,100,000) to be used for the construction of a water main replacement project along College
Avenue, as described herein.
Introduced, considered favorably on first reading, and ordered published this 18th day of
February, A.D. 2014, and to be presented for final passage on the 4th day of March, A.D. 2014.
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City Clerk
Passed and adopted on final reading on the 4th day of March, A.D. 2014.
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