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HomeMy WebLinkAbout160 - 01/02/1996 - APPROPRIATING $1,700,000 FROM THE USE TAX CARRYOVER RESERVE TO CONSTRUCT AND OPEN A COMMUNITY LIBRAR ORDINANCE NO. 160, 1995 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING $1,700,000 FROM THE USE TAX CARRYOVER RESERVE TO BE USED TO CONSTRUCT AND OPEN A COMMUNITY LIBRARY WHEREAS, the City intends to enter into an Intergovernmental Agreement(IGA)with Front Range Community College (FRCC) for the construction, operation, and use of a community library to be constructed on FRCC's Larinter Campus; and WHEREAS, the IGA requires the City to contribute $1,700,000 toward the design, construction, furnishing, and equipping of the community library; and WHEREAS, Article V, Section 7 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 expenditure in the annual appropriation ordinance; and WHEREAS, Article V, Section 14 of the Charter, authorizes the Council to transfer by ordinance, upon the recommendation of the City Manager, any unexpended appropriated amount or portion thereof from one fund to another, provided that the purpose for which the transferred funds are to be expended remains unchanged; and WHEREAS, there are sufficient funds in the City's 1995 and prior year use tax carryover reserves to pay for the City's contribution to the community library; and WHEREAS, the City Manager has recommended that such funds be transferred from the Sales and Use Tax Fund to the General Fund to be used for the community library project; and WHEREAS, the $1,700,000 contribution does not include funds for the purchase of books and media materials for the community library; and WHEREAS, in Resolution 95-138 Council directed staff to prepare an Ordinance for Council's consideration appropriating $2,000,000 for the community library; and WHEREAS, $300,000 for books and materials for the community library will not be needed until 1997; and WHEREAS, Council prefers to provide funds for books and materials at the time the funds are needed and anticipates providing this funding in 1997; and WHEREAS, the Council has determined that entering into the IGA with FRCC is in the best interest of the citizens of Fort Collins. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That there is hereby appropriated from 1995 and prior year use tax carryover reserves in the Sales and Use Tax Fund the amount of One Million Seven Hundred'I'housand Dollars ($1,700,000.00) for the community library project. Section 2. That the unexpended appropriated amount of One Million Seven Hundred Thousand Dollars ($1,700,000.00) is hereby authorized for transfer from the Sale and Use Tax Fund to the General Fund and appropriated therein to be used for the community library project. Introduced, considered favorable on first r:ayorz published this 5d da of December, A.D. 1995, and be presented for final py of January, . 199 ATTEST: City Clerk Passed and adopted on final reading this 2nd day of January, A.D. 1996. Mayor i"fT ATTEST: City Clerk