HomeMy WebLinkAbout051 - 04/21/1998 - APPROPRIATING PRIOR YEAR RESERVES IN THE TRANSPORTATION SERVICES FUND TO BE USED FOR LEASE PURCHASE ORDINANCE NO. 51, 1998
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE
TRANSPORTATION SERVICES FUND TO BE USED FOR LEASE
PURCHASE PAYMENTS FOR CONTROL ACCESS PARKING EQUIPMENT
WHEREAS, in 1996, City staff worked to address certain issues in connection with the
City's parking facilities and policies, including parking issues in the Colorado State University
neighborhoods and the downtown area; and
WHEREAS,the aforementioned work involved discussions with various neighborhood focus
groups, the Downtown Merchant's Association, Midtown Merchant's Association, Downtown
Development Authority, and City staff from the Land Use, Transportation, and Air Quality
Committee with the intent of developing a plan that would be a component part of the City's
Comprehensive Plan and Transportation Master Plan, and fit in with other adopted City plans; and
WHEREAS, as a result of the aforementioned efforts, staff prepared a Parking Plan for the
City of Fort Collins, which was presented to City Council on September 17, 1996; and
WHEREAS,the City Council passed Resolution 96-107, on September 17, 1996, adopting
the Parking Plan as a component of the City's Comprehensive Plan and the Transportation Master
Plan; and
WHEREAS, one of the actions identified in the Parking Plan was to convert the existing
parking garage to a controlled access facility in order to improve patron safety and promote a more
effective use of the total parking supply; and
WHEREAS, bids for the equipment needed to convert the downtown parking garage to a
controlled access facility were received in January, 1998; and
WHEREAS, the total cost of the equipment is $106,133 and is included in Ordinance No.
54, 1998, authorizing the purchasing agent to enter into an agreement for the financing by lease-
purchase and appropriating the proceeds of such financing, adopted by City Council on April 21,
1998; and
WHEREAS, the lease-purchase payment for 1998, on the aforementioned equipment, is
Thirteen Thousand Dollars ($13,000) and is not included in the Transportation Services Fund 1998
budget; and
WHEREAS, funds for the lease-purchase payments associated with the controlled access
parking equipment are available in the Transportation Services Fund prior year reserves; and
WHEREAS, Article V, Section 9, of the Charter of the City of Fort Collins permits the City
Council to appropriate by ordinance at any time during the fiscal year such funds for expenditure as
may be available from reserves accumulated in prior years, notwithstanding that such reserves were
not previously appropriated; and
WHEREAS, it is the desire of the City Council to appropriate Thirteen Thousand Dollars
($13,000)from prior year reserves in the Transportation Services Fund to be used for lease-purchase
payments on equipment needed to convert the parking garage to a controlled access facility.
NOW, THEREFORE,BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated for expenditure from prior year reserves in the
Transportation Services Fund the sum of THIRTEEN THOUSAND DOLLARS($13,000)to be used
for lease-purchase payments on equipment needed to convert the parking garage to a controlled
access facility.
Introduced and considered favorably on first reading and ordered published this 7th day of
April, A.D. 1998, and to be presented for final passage on the 21§1--April, A.D. 19
yor
ATTEST:
A"
City Clerk
Passed and adopted on final reading this 21 st day of A'prii, A.P. 1998.
14
ayor
ATTEST:
City Clerk