HomeMy WebLinkAbout1999-126-10/19/1999-ENDORSING REFERENDUM A, TRANSPORTATION REVENUE ANTICIPATION NOTES (TRANS) RESOLUTION 99-126
OF THE COUNCIL OF THE CITY OF FORT COLLINS
ENDORSING REFERENDUM A
TRANSPORTATION REVENUE ANTICIPATION NOTES
WHEREAS,Governor Owens has proposed and the Colorado General Assembly has adopted
appropriate legislation to place the Transportation Revenue Anticipation Notes (TRANS) on the
November, 1999 statewide ballot; and
WHEREAS, the Colorado Transportation Commission has identified 28 strategic projects
in the Strategic Transportation Project Investment Program (7th Pot) which will receive priority
funding upon successful passage of this referendum; and
WHEREAS, in consideration of this proposal, the Governor and the Colorado General
Assembly have concluded that the inflation cost savings would more than offset the cost of such
financing by accelerating the completion of some of these projects; and
WHEREAS, TRANS is only one of several funding mechanisms for meeting Colorado's
transportation needs, all of which must be distributed throughout the state in a fair and equitable
manner; and
WHEREAS,projected growth throughout Colorado is expected to create increasing demand
for all forms of transportation, including inter-modal transportation linkages, and that growth and
development should reasonably be expected to contribute to the funding needed to address the
impacts caused by growth; and
WHEREAS,adequate transportation facilities must be planned and integrated with land use
and air quality considerations; and
WHEREAS, the needs for transportation resources at the state, regional and local levels
greatly exceed the amount of resources projected to be available from TRANs and other sources;and
WHEREAS, any new revenue sources the state develops should include a proportional
sharing with cities and counties for increased funding of multi-modal, off-system,regional priority
transportation programs.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT COLLINS as follows:
1. That the City Council endorses the use of Transportation Revenue
Anticipation notes(TRANs)as a way to accelerate transportation funding in
order to avoid rapidly increasing costs.
2. That the City Council respectfully asks the Governor, the Colorado General
Assembly,and the Colorado Transportation Commission to work with local
governments, the fifteen Transportation Planning Regions, and the private
sector to identify and develop long range funding strategies to address
Colorado's state, regional and local transportation needs in all modes, as
current transportation funding in Colorado is not adequate to meet these
transportation needs.
3. That the City Council urges the Governor and the Transportation
Commission to re-examine the current allocation of federal and state
resources:
A. to continue to work toward an allocation formula that is based on
capacity performance measures. including congestion and level of
service; and
B. to work with local governments toward local and land use regulations
that are effective in requiring that transportation infrastructure,
including interstate and state highways, is adequate to serve the
increased demand brought on by the proposed development.
C. to work with local governments on land use regulations that are
adequate and effective in providing the means for new growth to
participate in funding the increased capacity in transportation
infrastructure that is necessary to keep pace with such new growth
and development..
Passed and adopted at a regular meeting of the Council of the City of Fort Collins this 19th
day of October, A.D. 1999.
Mayor
ATTEST:
"AA Ai
City Clerk