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HomeMy WebLinkAbout090 - 08/21/1990 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND FOR THE ANNUAL CONCRETE IMPROVEMENT ORDINANCE NO. 90, 1990 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND FOR THE ANNUAL CONCRETE IMPROVEMENT PROGRAM WHEREAS, Article V, Section 15, of the Charter of the City of Fort Collins (the "Charter") authorizes the City Council to appropriate by ordinance unanticipated revenue received as a result of new revenue at any time during the year; and WHEREAS, the City has established the Annual Concrete Improvement Program to assist property owners in repairing, replacing, and maintaining concrete curb, gutter and sidewalk adjacent to their properties; and WHEREAS, to encourage the participation of property owners, the City shares the cost of the concrete improvements with individual property owners; and WHEREAS, participating property owners are required to pay for their portion of the cost of improvements before construction begins; and WHEREAS, the total amount of revenue to be received from participating property owners for the 1990 Annual Concrete Program is estimated to be $50,000. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS that there is hereby appropriated for expenditure from unanticipated revenue in the Capital Projects Fund, the sum of THIRTY-FIVE THOUSAND DOLLARS ($35,000) to be used in conjunction with previously appropriated City funds for the 1990 Annual Concrete Program. This appropriation is contingent upon the City's actual receipt of the aforementioned unanticipated revenue, and the amounts hereby appropriated shall in no event exceed the amounts actually received by the City, during the year 1990, from property owners participating in the Annual Concrete Improvement Program. Introduced, considered favorably on first reading, and ordered published this 7th day of August, A.D. 1990, and to be presented for final passage on the 21st day of August, A.D. 1 0. AAA l May r ATTEST: City Clerk Passed and adopted on final reading this 21st day of August, A.D. 1990. Mayo ATTEST: IOLUL i City Clerk