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HomeMy WebLinkAbout103 - 08/20/1996 - APPROPRIATING PRIOR YEAR RESERVES INTO THE EVERGREEN/GREENBRIAR BASIN FOR CAPITAL IMPROVEMENTS ORDINANCE NO. 103, 1996 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING STORM DRAINAGE FUND PRIOR YEAR RESERVES INTO THE EVERGREEN/GREENBRIAR BASIN FOR CAPITAL IMPROVEMENTS WHEREAS, storm drainage fees are collected in the Evergreen Park/Greenbriar Basin to fund the construction of master plan basin improvements as well as minor capital improvements;and WHEREAS, the Slormwater Utility has identified the installation of the Redwood Storm Sewer and the Evergreen Eastern Drainageway as necessary capital improvements in the Evergreen/Greenbrier Master Plan; and WHEREAS, due to increased development in the area, the City desires to construct the aforementioned projects alread of schedule in order to protect property from flooding and minimize future impacts to the public; and WHEREAS, Article V. Section 5 of the Charter of the City of Fort Collins (the "Charter") required that capital projects be itemized in the budget by individual project; and WHEREAS, the individual basins in the City are treated as capital projects; and WHEREAS, the result of such itemization is that each individual basin in the budget is treated as a separate fund; and WHEREAS, the Storm Drainage Board has reviewed this appropriation and recommend approval; and WHEREAS, Article V, Section 8 of the Charter authorized 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 expenditures in the amoral appropriation ordinance; and WHEREAS,funds to cover these expenditures are available from prior year reserves in the Storm Drainage fund. NOW,THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS that there is hereby appropriated from prior year reserves in the Storm Drainage fund the sum of ONE HUNDRED EIGHTY THOUSAND DOLLARS ($I80,000) for transfer to and expenditure in the Evergreen/Greenbrier Basin to construct the Redwood Storm Sewer and the Evergreen Eastern Drainageway. Introduced, considered favorably on first reading, and ordered published this 6th day of August, A.D. 1996, and to be presented for final passage on the 2 relay of August ayor ATTEST: n City Clerk Passed and adopted on final reading this 20th day of A ist,'AD. 1996. Mayor ATTEST: City Clerk