HomeMy WebLinkAbout022 - 03/16/1993 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND FOR THE ANNUAL CONCRETE PROGRAM ORDINANCE NO. 22 , 1993
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE
CAPITAL PROJECTS FUND FOR THE
ANNUAL CONCRETE 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, 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 1993 Annual Concrete Program is estimated to be $60,000.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS
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 1993 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 1993 from property owners participating in the Annual Concrete
Improvement Program.
Introduced, considered favorably on first reading, and ordered published
this 2nd day of March, A.D. 1993, and to be presented for final passage on the
16th day of March, A.D. 1993.
i
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 16th day of March, A.D. 1993.
ayor
ATTEST:
City Clerk