HomeMy WebLinkAbout054 - 06/15/1993 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND FOR THE REHABILITATION OF THE TROLL ORDINANCE NO. 54, 1993
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL
PROJECTS FUND FOR THE REHABILITATION OF THE TROLLEY BUILDING
WHEREAS, Article V, Section 14, of the Charter of the City of Fort Collins
(the "Charter") authorizes the City 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 owns the historic Trolley Car Building located on the
southeast corner of the intersection of Howes and Cherry Streets; and
WHEREAS, the City is desirous of repairing and stabilizing the building to
ensure that it can be used in the future; and
WHEREAS, the City Council passed Resolution 93-74 on June 1, 1993,
authorizing the City to enter into an intergovernmental agreement with the State
of Colorado for the receipt of Intermodal Surface Transportation Efficiency Act
(ISTEA) funds to be used to repair and stabilize the City's historic Trolley Car
Building; and
WHEREAS, the Colorado Department of Transportation has notified the City
of approval of the City's application for $180,800 in Fiscal Year 1993
transportation enhancement funds; and
WHEREAS, the matching ratio for this project is 80% ISTEA funds and 20%
City match; and
WHEREAS, the City's required matching funds of $45,200 are appropriated in
the Capital Projects Fund - Major Building Maintenance 1993 budget; and
WHEREAS, Article V, Section 4, of the Charter requires that capital
projects be summarized in the budget by individual project; and
WHEREAS, the result of such summarization is that each individual capital
project in the budget is treated as a separate fund.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS
that upon the City's receipt of the sum of ONE HUNDRED EIGHTY THOUSAND EIGHT
HUNDRED DOLLARS ($180,800) in Intermodal Surface Transportation Efficiency Act
(ISTEA) funds from the State of Colorado, said sum is appropriated for
expenditure from unanticipated revenue in the Capital Projects Fund to provide
for rehabilitation of the Trolley Car Building.
Introduced, considered favorably on first reading, and ordered published
this 1st day of June, A.D. 1993, and to be presented for final passaqg-sit the
15th day of June, A.D. 1993. -May J
or
ATTEST:
City Clerk
Passed and adopted on final reading this 15th #af�f)June, A.D 49937
ayor
ATTEST:
City Clerk