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HomeMy WebLinkAbout048 - 05/07/1991 - APPROPRIATING PRIOR YEAR RESERVES IN THE STORM DRAINAGE FUND FOR BASIN IMPROVEMENTS IN THE SPRING CR ORDINANCE NO. 48 , 1991 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING PRIOR YEAR RESERVES IN THE STORM DRAINAGE FUND FOR BASIN IMPROVEMENTS IN THE SPRING CREEK DRAINAGE BASIN WHEREAS, stormwater fees have been collected in the Spring Creek Basin to fund the construction of stormwater facilities, including minor capital improvements, as provided in Section 26-511 of the City's Code; and WHEREAS, the Stormwater Utility has identified the installation of the Shields Street storm sewer as a necessary minor capital item in the Spring Creek Basin Improvements capital project; and WHEREAS, the City wishes to construct the storm sewer in conjunction with the Shields Street widening project to realize a cost savings and minimize the disruption of vehicular and pedestrian traffic on Shields Street; and WHEREAS, an appropriation of funds is needed to fund said storm drainage basin improvements; and WHEREAS, Article V, Section 8, of the Charter of the City of Fort Collins authorizes the City Council to provide by ordinance for payment of any expense from reserves accumulated in prior years, notwithstanding that such reserves were not appropriated for expenditures in the annual appropriation ordinance; and WHEREAS, prior year reserves are available in the Storm Drainage Fund and are sufficient to cover the cost of the foregoing improvements. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS that there is hereby appropriated from prior year reserves in the Storm Drainage Fund the sum of SEVENTY THOUSAND DOLLARS ($70,000) to fund storm drainage basin improvements in the Spring Creek Drainage Basin. Introduced, considered favorably on first reading, and ordered published this 16th day of April , A.D. 1991, and to be presented for final passage on the 7th day of May, A.D. 1991 . yor ATTEST: City Clerk Passed and adopted on final reading this 7th day of May, A.D. 1991 . Mayor ATTEST- City Clerk