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HomeMy WebLinkAbout2022-114-11/15/2022-MAKING THE DETERMINATION THAT THE CITY PARK TRAIN PROJECT FUNDED THROUGH THE COMMUNITY CAPITAL IMPRORESOLUTION2022-114OFTHECOUNCILOFTHECITYOFFORTCOLLJNSMAKINGTHEDETERMINATIONTHATTHECITYPARKTRAINPROJECTFUNDEDTHROUGHTHECOMMUNITYCAPITALIMPROVEMENTPROGRAMISNOTFINANCIALLYFEASIBLEWHEREAS,onApril7,2015,thevotersofFortCollinsapprovedOrdinanceNo.013,2015,extendingthe.25%BuildingonBasicsCapitalProjectsSalesandUseTaxforthepurposeofobtainingrevenuefortheCommunityCapitalImprovementProgram(“CCIP”)CapitalProjectsandRelatedOperationandMaintenance(the“Ordinance”);andWHEREAS,theOrdinanceauthorizedfundingofupto$350,000tobringbacktheCityParktraininanew,expandedlocationinCityPark(the‘Project”);andWHEREAS,anewlocationfortheCityParktrainwasidentifiedthroughanextensivecommunityengagedmasterplanningprocessforCityParkthatbeganin2015andconcludedin2020;andWHEREAS.fabricationofthetrainlocomotive,caboose,andpassengercarhasbeenfundedandlargelycompleted;andWHEREAS,traintrackinstallationandassociatedinfrastructurcimprovementsneededtoprovideasafeexperienceforthoseoperatingandridingthetrainandtoalignwiththe2019CityParkmasterplanareestimatedtocost$5.1million;andWHEREAS.ParkPlanningandDevelopmentsubmittedoffer#41.3inthe2022budgetcycleandoffer#60.8inthe2023-2024budgetcycletofundtheCityParktrainandneededinfrastructureimprovementsandneitherofferwasfunded:andWHEREAS,giventhattheCityhasfundedlessthantenpercentoftherequiredcosttocompletetheProject,theCityManagerrecommendsthattheCouncilfindtheProjectisnotfinanciallyfeasibletoundertakeandcompletewithoutsubstantiallychangingtheessentialcharacteroftheProject:andWHEREAS,theOrdinanceauthorizestheCityCounciltodeterminebyresolutionthattheProjectisnolongerfinanciallyfeasibletoundertakeandcompletewithoutsubstantiallyalteringtheessentialcharacteroftheproject,afterreceivingsucharecommendationfromtheCityManager;andWHEREAS,theCityCouncilhasdetenninedthattheProjectisnolongerfinanciallyfeasibletoundertakeandcompletewithoutsubstantiallyalteringtheessentialcharacteroftheProject.NOW,THEREFORE,BEITRESOLVEDBYTHECOUNCILOFTHECITYOFFORTCOLLINSasfollows: Section1.ThattheCityCouncilherebymakesanyandalldeterminationsandfindingscontainedintherecitalssetforthabove.Section2.ThattheCityCouncildeterminesthattheCityParkTrainProject,fundedthroughtheCommunityCapitalImprovementProgram,isnolongerfinanciallyfeasibletoundertakeandcompletewithoutsubstantiallyalteringtheessentialcharacteroftheProject.Section3.ThattheCityCouncilrecognizesthatthelargelycompletedCityParktrainlocomotive,caboose,andpassengercar,andanyancillarysuppliesandmaterials,aresurplusorobsoleteCitypropertytobedisposedofinaccordancewithSection23-126oftheCityCode.PassedandadoptedataregularmeetingoftheCounciloftheCityofFortCollinsthis15thdayofNovember,A.D.2022.ATTEST:CityClerk