Loading...
HomeMy WebLinkAbout119 - 09/19/1995 - APPROPRIATING UNANTICIPATED REVENUE IN THE TRANSPORTATION SERVICES FUND AND AUTHORIZING THE TRANSFER ORDINANCE NO. 119, 1995 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED REVENUE IN THE TRANSPORTATION SERVICES FUND AND AUTHORIZING THE TRANSFER OF EXISTING APPROPRIATIONS FOR THE VERMONT BICYCLE/PEDESTRIAN UNDERPASS PROJECT WHEREAS, Article V, Section 14,of the Charter of the City of Fort Collins (the "Charter") authorizes the Council to appropriate unanticipated revenues which are the result of new revenue sources at any time during the year in which such revenue is received; and WHEREAS, the City Council passed Resolution 95-124,on September 5, 1995, authorizing the Mayor to enter into an intergovernmental agreement with the Colorado State Department of Transportation (CDOT) for the receipt of Surface Transportation Metro(STM) funds to provide for the construction of the Vermont Bicycle/Pedestrian Underpass (the "Project"); and WHEREAS, the Project's estimated total cost is $411,000, of which a total of$-M,000 has already been appropriated by the adoption of Ordinance No. 34, 1993 on May 4, 1993, leaving an additional $360,000 which needs to be appropriated for the Project; and WHEREAS, the CDOT has made available to the City STM funds in the total amount of $292,000 for construction of the Project; and WHEREAS,local matching funds needed for the project,totalling$68,000, are appropriated and available in the 1995 Transportation Services Fund budget; and WHEREAS,Article V, Section 14 of the Charter authorizes the City Council to transfer by ordinance any unexpended appropriated amounts or portion thereof from one fund to another upon the recommendation of the City Manager, provided that the purpose for which the transferred funds are to be expended remains unchanged or the purpose for which the funds were originally appropriated no longer exists; and WHEREAS, it is the desire of the Council to appropriate the sum of$292,000 in Federal funds and authorize the transfer of$68,000 in local matching funds in order to proceed with the Project. NOW,THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That there is hereby appropriated for expenditure from unanticipated revenue in the Transportation Fund; the sum of TWO HUNDRED-NINE T Y-TWO THOUSAND DOLLARS ($292,000) from the Colorado Department of Transportation to be used for the Vermont Bicycle/Pedestrian Underpass project. Section 2. That the unexpended appropriated amount of SIXTY-EIGHT THOUSAND DOLLARS ($68,000) be authorized for transfer from operating and maintenance dollars in the Transportation Services Fund to the Vermont Bicycle/Pedestrian Underpass project in the same fund. Introduced, considered favorably on first reading, and ordered published this 5th day of September, A.D. 1995, and to be presented for final passage on the 194 day of Septembe . 1995. yor ATTEST: City Clerk Passed and adopted on final reading on the 19th day of Septe er, A.D. 1995. i ayor ATTEST: (� ` City Clerk