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HomeMy WebLinkAbout102 - 07/05/1994 - APPROPRIATING PRIOR YEAR RESERVES IN THE TRANSPORTATION DIVISION PORTION OF THE TRANSPORTATION FUND ORDINANCE NO. 102, 1994 OF THE COUNCIL OF THE CTTY OF FORT COLLINS APPROPRIATING PRIOR YEAR RESERVES IN THE TRANSPORTATION DIVISION PORTION OF THE TRANSPORTATION FUND WHEREAS, Article V, Section 7, of the Charter of the City of Fort Collins (the "Charter") authorizes the City Council to provide by ordinance for the payment of any expense from prior year reserves at any time such reserves are available; and WHEREAS, the City Council passed Resolution 93-110 on July 20, 1993, authorizing the City to enter into an intergovernmental agreement with the Colorado State Department of Transportation for the receipt of Federal Surface Transportation Program (STP) funds, and State funds to be used for the Transportation Corridor Project of US Highway 287/Colorado Highway 14 from Interstate 25 on the east to the interchange with the LaPorte Bypass on the west ("the Project") ; and WHEREAS, the City Council adopted Ordinance No. 83, 1993 on August 3, 1993 appropriating the aforementioned funds to be used for the said Project; and WHEREAS, staff in conjunction with a consultant and citizen's focus group have reviewed the Project and are recommending modifying the scope of work which is needed on the Project; and WHEREAS, the aforementioned modifications to the Project will increase the estimated cost of the Project by $35,050; and WHEREAS, the City Council passed Resolution 94-98, on June 21, 1994, approving modifications to the scope of the improvements for the Project. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS that there is hereby appropriated for expenditure from prior year reserves in the Transportation- Division- portion- of the- Transportation- Fund- thp- s= of THIRTY-FIVE THOUSAND FIFTY DOLLARS ($35,050) to be used for the Transportation Corridor Project of US Highway 287/Colorado Highway 14 from Interstate 25 on the east to the interchange with the LaPorte Bypass on the west. Introduced, considered favorably on first reading, and ordered published this 21st day of June, A.D. 1994, and to be presen for final pas n the 5th day of July, A.D. 1994. ayor ATTEST: City Clerk Passed and adopted on final reading thi day of July, 190. ayor ATTEST: City Clerk