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HomeMy WebLinkAbout062 - 04/15/1997 - APPROPRIATING UNANTICIPATED REVENUE IN THE TRANSPORTATION SERVICES FUND AND AUTHORIZING TRANSFER OF ORDINANCE NO. 62, 1997 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED REVENUE IN THE TRANSPORTATION SERVICES FUND AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS FOR THE CONSTRUCTION OF THE ELIZABETH AND WHEDBEE STREETS BIKEWAY PROJECT 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, on April 1, 1997, City Council adopted Resolution 97-47, authorizing the City to enter into an intergovernmental agreement with the Colorado Department of Transportation (CDOT) for the receipt of federal Intermodal Surface Transportation Efficiency Act (ISTEA) Enhancement Funds to provide for the planning, design, and construction of bicycle lanes along Elizabeth Street,form College Avenue to Lemay,and along Whedbee Street,from Riverside Avenue to Prospect Street (the "Project"); and WHEREAS, the Project's estimated total cost is $44,000; and WHEREAS, the CDOT has made available to the City ISTEA Enhancement Funds in the total amount of$35,000 for the planning, design, and construction of the Project; and WHEREAS, local matching funds needed for the project, totaling $9,000, have been identified and are appropriated in the Transportation Services Fund 1997 budget; and WHEREAS,Article V, Section 14 of the Charter authorizes the City Council to transfer by ordinance any unexpended appropriated amounts or portion thereof from one fund to another upon the recommendation of the City Manager, provided that the purpose for which the transferred funds are to be expended remains unchanged or the purpose for which the funds were originally appropriated no longer exists; and WHEREAS, it is the desire of the Council to appropriate the sum of $35,000 in federal ISTEA Enhancement Funds and authorize the transfer of$9,000 in local matching funds in order to proceed with the Project; and 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 Transportation Services Fund,the sum of THIRTY-FIVE THOUSAND DOLLARS($35,000) from the Colorado Department of Transportation to be used for the planning, design, and construction of the Elizabeth Street and Whedbee Street Bikeway Project. Section 2. That the unexpended appropriated amount ofNINE THOUSAND DOLLARS ($9,000) is hereby authorized for transfer from operating and maintenance dollars in the Transportation Services Fund to the Elizabeth Street and Whedbee Street Bikeway Project in the same fund. Introduced and considered favorably on first reading and ordered published this 1 st day of April, A.D. 1997, and to be presented for final passage on the 15th day Of April, A.D. 1997. Mayor ATTEST: LLV-� City Clerk Passed and adopted on final reading this 15th day of aril, A 1997. Mayor ATTEST: City Clerk