HomeMy WebLinkAbout080 - 07/03/2018 - APPROPRIATING PRIOR YEAR RESERVES IN THE PARKING FUND FOR THE DOWNTOWN PARKING SENSOR AND TECHNOLOGY ORDINANCE NO. 080, 2018
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE PARKING FUND
FOR THE DOWNTOWN PARKING SENSOR AND TECHNOLOGY
PROJECT AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS
FROM THE PARKING FUND TO THE CULTURAL SERVICES AND
FACILITIES FUND FOR THE ART IN PUBLIC PLACES PROGRAM
WHEREAS, the City's Downtown Plan, adopted in 2017, includes a comprehensive
parking dialogue and several policies related to the communication and improved parking
management; and
WHEREAS, to improve parking management, Parking Services has been working to
complete the Downtown Parking Sensor and Technology project to install sensors and, new
payment technology in the three downtown parking structures and in approximately 3,000 on-
street parking spaces and 3 parking lots (the "Project"); and
WHEREAS, as part,of the Project, Parking Services has previously installed new sensors
and payment technology in the Firehouse Alley Parking Structure and installation of parking
sensors in the Old Town Parking Structure and Civic Center Parking Structure has been initiated
with previously appropriated funds and will soon initiate installation of technology for the 3,000
on-street parking spaces and 3 parking lots; and
WHEREAS, additional funds are necessary to complete the Project and City staff has
identified $359,917 in prior year reserves from the Parking Fund to appropriate for the Project,
which, with previously appropriated amounts, would%result in a total Project budget of$1,200,000,
with $12,000 of that amount to be transferred to the Art in Public Places Program; and
WHEREAS, with these appropriated funds, the anticipated Project completion date is the
end of 2018; and
WHEREAS, this appropriation benefits public health, safety and welfare of the citizens of
Fort Collins and serves the public purpose of providing improved parking management options in
the City's downtown area to the public; 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, the City Manager has recommended the appropriation described herein and
determined that this appropriation is available and previously unappropriated from the Parking
Fund and will not cause the total amount appropriated in the Parking Fund to exceed the current
estimate of actual and anticipated revenues to be received in that fund during any fiscal year; and
WHEREAS, Article V, Section 10 of the City Charter authorizes the City Council to
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transfer by ordinance any unexpended and unencumbered appropriated amount or portion thereof
from one fund or capital project to another fund or capital project, provided that the purpose for
which the transferred funds are to be expended remains unchanged; the purpose for which the
funds were initially appropriated no longer exists;or the proposed transfer is from a fund or capital
project in which the amount appropriated exceeds the amount needed to accomplish the purpose
specified in the appropriation ordinance; and
WHEREAS, this project involves construction estimated to cost more than $250,000, as
such, Section 23-304 of the City Code requires one percent of these qualified appropriations to be
transferred to the Cultural Services and Facilities Fund for a contribution to the Art in Public Places
program.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That the City Council hereby makes and adopts the determinations and
findings contained in the recitals set forth above.
Section 2. That there is hereby appropriated for expenditure from reserves in the
Parking Fund the sum of.THREE HUNDRED FIFTY-NINE THOUSAND NINE HUNDRED
SEVENTEEN DOLLARS ($359,917) for the Downtown Parking Sensor and Technology Project
and appropriated therein.
Section 3! That the unexpended appropriated amount of NINE THOUSAND THREE
HUNDRED SIXTY DOLLARS ($9,360) in the Parking Fund - Downtown Parking Sensor and
Technology Project is authorized for-transfer to the Cultural Services and Facilities Fund and
appropriated therein for Art in Public Places projects.
Section 4. That the unexpended appropriated amount of TWO THOUSAND SIX
HUNDRED FORTY DOLLARS ($2,640) in the Parking Fund -.Downtown Parking Sensor and
Technology 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.
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Introduced, considered favorably on first reading, and ordered published this 19th day of
June, A.D. 2018, and to be presented for final passage on the 3rd d 3 , A.D. 2018.
Mayor
ATTEST:
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Passed and adopted on final reading on the 3rd day of July, A.D. 2018.
Mayor
ATTEST:
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