HomeMy WebLinkAbout031 - 03/15/1994 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND FOR 1994 CONCRETE IMPROVEMENT PROGR ORDINANCE NO. 31, 1994
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE
CAPITAL PROJECTS FUND FOR THE
1994 CONCRETE IMPROVEMENT PROGRAM
WHEREAS, Article V, Section 14, 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 rate or fee increases or new
revenue sources at any time during the budget 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 sidewalks 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, the participating property owners are required to pay for their
portion of the cost of the improvements before construction begins; and
WHEREAS, the total amount of revenue to be received from participating
property owners for the 1994 Annual Concrete Improvement Program is estimated to
be $60,000.
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 Capital Projects Fund, the sum of SIXTY THOUSAND
DOLLARS ($60,000) to be used in conjunction with previously appropriated City
funds for the 1994 Annual Concrete Program.
Section 2. That 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 1994 from property owners participating in the Annual Concrete
Improvement Program.
Introduced, considered favorably on first readi and ordered published
this 1st day of March, A.D. 1994, and to be prese d fo final pa on the
15th day of March, A.D. 1994.
SW
ayor
ATTEST:
➢I�d61�L'k� S ^
City Clerk
Passed and adopted on final reading this 15th day of March, A.D. 1994.
Mayor
ATTEST:
City Clerk QS