HomeMy WebLinkAbout114 - 10/06/2015 - APPROPRIATING UNANTICIPATED GRANT REVENUE INTO THE CAPITAL PROJECTS FUND FOR THE PITKIN LOW STRESS B ORDINANCE NO. 114, 2015 .
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED GRANT REVENUE INTO THE CAPITAL
PROJECTS FUND FOR THE PITKIN LOW STRESS BICYCLE CORRIDOR PROJECT
WHEREAS, the City has been awarded a grant from the Colorado Department of
Transportation's Transportation Alternatives Program for $593,000 (the Grant); and
WHEREAS, the Grant is.for the FC Moves Program; and
WHEREAS, based on the recently adopted and updated Bicycle Master Plan, the Pitkin
Low Stress Bicycle Corridor Project (the Project) will incorporate critical aspects of the City's
Plan; and
WHEREAS, the total estimated cost of the Project is $741,250 which will be funded by
the Grant ($593,000) and existing appropriations of$148,250 in the Capital Projects Fund - FC
Moves - BOB Bicycle Plan Implementation which will meet the required Local Match; and
WHEREAS, the City Council has adopted Resolution 2015-083 authorizing the City to
enter into an intergovernmental agreement with the Colorado Department of Transportation for
the 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 i 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 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 FIVE HUNDRED NINETY THREE
THOUSAND DOLLARS ($593,000) for expenditure in the Capital Projects Fund for the Pitkin
Low Stress Corridor Project.
Introduced, considered favorably on first reading, and ordered published this 15th day of
September, A.D. 2015, and to be presented for final passage on the 6th day of October, A.D.
2015.
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City Clerk
Passed and adopted on final reading on the 6th day of October, A.D. 2015.
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