HomeMy WebLinkAbout074 - 07/05/2022 - APPROPRIATING PRIOR YEAR RESERVES AND AUTHORIZING TRANSFERS OF APPROPRIATIONS FOR THE LINDEN STREETORDINANCE NO. 074, 2022
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES AND AUTHORIZING TRANSFERS OF
APPROPRIATIONS FOR THE LINDEN STEET RENOVATION PROJECT AND
RELATED ART IN PUBLIC PLACES
WHEREAS, the Linden Street Renovation Project (the "Project") was approved by City
Council to transform Linden Street between Jefferson and Walnut Streets into a "convertible
street" — a roadway that can be closed to vehicular and bicycle traffic and transformed into a
pedestrian gathering space during specialty events; and
WHEREAS, construction of this Project originally was planned to begin in 2020, with the
entire Project to be built at once; and
WHEREAS, due to the onset of the COViD-19 pandemic, construction was postponed and
broken into two phases to minimize impacts to the businesses within the footprint of the project;
and
WHEREAS, Phase 1 of the Project's construction was completed in 2021, and Phase 2 of
construction began in February of this year, with completion anticipated in July; and
WHEREAS, City staff anticipated that splitting the project into two phases would result in
increased mobilization and oversight costs; accordingly, an additional $400,000 was appropriated
via a 2022 Budget for Outcomes offer to address this increase; and
WHEREAS, beginning in the Summer of 2021, the nation, the State of Colorado, and the
northern Colorado region began experiencing significant inflation in construction costs, reflected
in the two most recent Colorado Department of Transportation Colorado Construction Cost Index
reports, indicating annual percentage changes of 17.45% (Q4 2021) and 31.79% (Q 1 2022); and
WHEREAS, these inflationary pressures impacted the Project as pricing was being
finalized for Phase 2 of construction in the Fall of 2021, resulting in price increases for many unit
price work items and an increase in overall costs of approximately $500,000 to deliver the
identified scope of work; and
WHEREAS, City staff has identified two options to reach project completion; and
WHEREAS, the first option would be to delay non -essential scope of work items until
additional funding can be secured by delaying construction of landscaping, irrigation, seat wall
caps, and outdoor furniture; and
M iEREAS, the second option would be to secure supplemental appropriation totaling
$500,000 at this time to meet the Project requirements; and
WHEREAS, approving a supplemental appropriation at this time is preferred because the
first option would result in the project not meeting the identified project goals within the promised
time frame, it would expose the remaining work to the likelihood of continued inflation of costs,
and it would negatively impact the schedule and budgets for other transportation capital projects
in the design, acquisition, and construction pipeline; and
WHEREAS, this appropriation benefits the public health, safety, and welfare of the
residents of Fort Collins and serves the public purpose of improving transportation infrastructure
within the City; and
WHEREAS, this Project involves construction estimated to cost more than $250,000 and,
as such, City Code Section 23-304 requires one percent of these appropriations to be transferred
to the Cultural Services and Facilities Fund for a contribution to the Art in Public Places program
(the "APP Program"); and
WHEREAS, the total project cost of $4,361,000 includes a prior appropriation of
$3,861,000 completed in the 2019-20 Budget, and the total project cost has been used to calculate
the required contribution to the APP program; and
WHEREAS, a contribution to the APP program in the amount of $38,610 was included in
the 2019-20 Budget; therefore, the amount to be contributed to the APP Program by this Ordinance
will be $5,000; and
W1 iEREAS, Article V, Section 9 of the City Charter permits the City Council, upon the
recommendation of the City Manager, to make supplemental appropriations 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 Interim City Manager has recommended the appropriations described
herein and determined that these appropriations are available and previously unappropriated from
the Community Capital Improvement Project Fund, and will not cause the total amount
appropriated in the Community Capital Improvement Program Fun, to exceed the current estimate
of actual and anticipated revenues and all other funds to be received in these funds during this
fiscal year; and
WHEREAS, Article V, Section 10 of the City Charter authorizes the City Council, upon
recommendation by the City Manager, to 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, the Interim City Manager has recommended the transfer of $5,000 from the
Capital Projects Fund to the Cultural Services & Facilities Fund and determined that the purpose
for which the transferred funds are to be expended remains unchanged; and
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WHEREAS, Article V, Section 1 I of the City Charter authorizes the City Council to
designate in the ordinance when appropriating funds for a capital project that such appropriation
shall not lapse at the end of the fiscal year in which the appropriation is made but continue until
the completion of the capital project.
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 from prior year reserves in the Community
Capital Improvement Program Fund the sum of FIVE HUNDRED THOUSAND DOLLARS
($500,000) to be expended in the Community Capital Improvement Program Fund for transfer to
the Capital Projects Fund for the Linden Street Renovation project and appropriated therein.
Section 3. That the unexpended and unencumbered appropriated amount THREE
THOUSAND NINE HUNDRED DOLLARS ($3,900) in the Capital Projects Fund is hereby
authorized for transfer to the Cultural Services and Facilities Fund and appropriated and expended
therein to fund art projects under the APP Program.
Section 4. That the unexpended and unencumbered appropriated amount of ONE
THOUSAND DOLLARS ($1,000) in the Capital Projects Fund is authorized for transfer to the
Cultural Services and Facilities Fund and appropriated and expended therein for the operation
costs of the APP Program.
Section 5. That the unexpended and unencumbered appropriated amount of ONE
HUNDRED DOLLARS ($100) in the Capital Projects Fund is authorized for transfer to the
Cultural Services and Facilities Fund and appropriated and expended therein for the maintenance
costs of the APP Program.
Section 6. That the appropriation herein for the Linden Street Renovation project is
hereby designated, as authorized in Article V, Section I I of the City Charter, as an appropriation
that shall not lapse at the end of this fiscal year but continue until the completion of the project.
Introduced, considered favorably on first reading and ordered published this 21 st
day of June, A.D. 2022, and to be presented for final passage on the 5th day f July, A.D. 2022.
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Passed and adopted on final reading this 5th day of July, A.D.
ATTEST:
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City Clerk
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