HomeMy WebLinkAbout065 - 04/18/1989 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND (TRI-TRENDS SHARE OF THE TAFT HILL ORDINANCE NO. 65, 1989
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE
IN THE CAPITAL PROJECTS FUND
WHEREAS, Article V, Section 15, of the Charter of the City of Fort
Collins authorizes the City Council to appropriate unanticipated revenue at
any time during the year in which such revenue is received; and
WHEREAS, it is the duty of Tri-Trend, Inc, (Tri -Trend) to construct
the east half of Taft Hill Road adjacent to the Rossborough Subdivision as
and
of its obligation as the developer of the Rossborough Subdivision ;
an
WHEREAS, Tri -Trend and the City have agreed that the City shall
construct the east half of Taft Hill Road adjacent to the Rossborough
Subdivision as part of the City's Taft Hill Road/ Horsetooth Road
Intersection project; and
WHEREAS, Tri-Trend has agreed to thereafter reimburse the City for its
proportionate share of the construction costs of said project, which are
estimated to be $157,500.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated from unanticipated revenue, to be
received from Tri-Trend Inc. and deposited in the Capital Projects Fund the
sum of ONE HUNDRED FIFTY-SEVEN THOUSAND FIVE HUNDRED DOLLARS ($157,500)
which shall be expended for construction of Tri-Trend Inc. 's agreed share
of the Taft Hill Road/Horsetooth Road Intersection project.
Introduced, considered favorably on first reading, and ordered
published this 4th day of April , A.D. 1989, and to be presented for final
passage on the 18th day of April , A.D. 1989.,
Mayor '
ATTEST:
City Clerk
Passed and adopted on final reading this th.day of April , A.D. 1989.
Mayor
ATTEST:
City Clerk