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HomeMy WebLinkAbout040 - 04/18/2017 - APPROPRIATING UNANTICIPATED GRANT REVENUE FROM THE NORTH FRONT RANGE METROPOLITAN PLANNING ORGANIZAT (2)ORDINANCE NO. 040, 2017 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED GRANT REVENUE FROM THE NORTH FRONT RANGE METROPOLITAN PLANNING ORGANIZATION AND THE COLORADO DEPARTMENT OF TRANSPORTATION IN THE CAPITAL PROJECTS FUND FOR THE HORSETOOTH ROAD AND COLLEGE AVENUE INTERSECTION IMPROVEMENTS PROJECT WHEREAS, the City Engineering Department completed an Arterial Intersection Prioritization Study in 2011, which listed the Horsetooth Road and College Avenue intersection as one of the locations for needed safety and operational improvements; and WHEREAS, existing problems identified at this intersection include a high number of . left turn crashes for northbound and southbound traffic and heavy congestion during peak traffic periods; and WHEREAS, the City was approved for two federally funded grants, one through the North Front Range Metropolitan Planning Organization (NFRMPO), category Surface Transportation Program (STP-Metro), for operational and safety improvements of $2,368,000; and the second a Highway Safety Improvement Program (HSIP) grant awarded through the Colorado Department of Transportation ("CDOT") of $1,000,000, contingent upon the City entering into an Intergovernmental Agreement ("IGA") with CDOT; and WHEREAS, the IGA addresses the addition of northbound and southbound dual left turn lanes, traffic signal improvements, and restriping; and WHEREAS, local funds of $1,000,000 for this project were previously appropriated in the 2017-2018 City Budget, including the required funding for the Art in Public Places program; and WHEREAS, the IGA requires the City to provide a$603,361 match; and WHEREAS, the purpose of this Ordinance is to appropriate unanticipated grant revenue for the design, right-of-way acquisition, and construction of the Horsetooth. Road and College Avenue Intersection Improvements 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 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 the revenue as 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 in that fund during any fiscal year. 1- L 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 unanticipated grant revenue in the Capital Projects Fund the sum of THREE MILLION THREE HUNDRED SIXTY-EIGHT'THOUSAND DOLLARS ($3,368,000) for the Horsetooth Road.and College Avenue Intersection Improvements Project. r Introduced, considered favorably on first reading, and ordered published this 21st day of- March, A.D. 2017, and to be presented for final passage on the 18th day of April, A.D. 2017. O O42T COS` SEAL :ayoLr ATTEST: C•..0 City Clerk Passed and adopted on final reading on the 18th day of April, A.D. 2017. OF FORD U.• j `. Mayor 1 ATTEST: o•••..,,,,.. O OWADG V V W v-i City Clerk 2-