HomeMy WebLinkAbout076 - 06/03/1997 - APPROPRIATING PRIOR YEAR RESERVES AND UNANTICIPATED REVENUE IN THE CAPITAL EXPANSION FUND FOR IMPROV ORDINANCE NO. 76, 1997
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES AND UNANTICIPATED
REVENUE IN THE CAPITAL EXPANSION FUND
FOR IMPROVEMENTS RELATING TO THE PROVISION
COMMUNITY PARKS
WHEREAS, local governments have had to deal with the issue of requiring future growth
and new development to contribute its proportionate share of the cost of providing new capital
facilities and infrastructure that is required as municipalities grow; and
WHEREAS,the City Council adopted Ordinance No. 51, 1996, on May 21, 1996, amending
Chapter 29 of the City Code by adding a new Article VI pertaining to the imposition of capital
expansion fees to be used to fund capital improvements for the library, community parkland, police
services, fire services, and general governmental facility services; and
WHEREAS,the capital expansion fees imposed under the provisions of the aforementioned
section of the City Code, including a Community Parkland Capital Improvement Expansion Fee,
went into effect on July 1, 1996, and the City has since been receiving said fees as a condition of the
issuance of building permits; and
WHEREAS, City Code Section 29-013(a) requires that Community Parkland Capital
Improvements Expansion Fee funds be used only for capital improvements related to the provision
of community parks, as such improvements may be identified in the capital improvements plan for
community parkland; and
WHEREAS, Park Planning staff have identified the need to appropriate $50,000 of
Community Parkland Capital Improvement Expansion Fees, to be used for studies and other costs
associated with preliminary design and site improvement work for the Southwest Community Park;
and
WHEREAS, the development of the Southwest Community Park is identified in and
consistent with the Parks and Recreation Policy Plan adopted by the Council in Resolution 96-147
on December 3, 1996; and
WHEREAS, the aforementioned requests for appropriation of said fee receipts are in
compliance with the uses of the fees as set forth in Chapter 29 of the City Code; and
WHEREAS, funds are available in the Capital Expansion Fund for Community Parkland,
from prior year reserves in the amount of$50,000; 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 Council to appropriate from prior year reserves in the
Capital Expansion Fund for the provision of costs associated with community parklands.
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 Capital
Expansion Fund,the sum of FIFTY THOUSAND DOLLARS ($50,000) to be used for studies and
other costs associated with the preliminary design and site improvement work for the Southwest
Community Park.
Introduced, considered favorably on first reading, and ordered ublished this 20th day of
May, A.D. 1997, and to be considered for final p:ayor
on the ay off'June, A. 97
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ATTEST:
City Clerk
Passed and adopted on final reading thi:ayor
f.lune, 1997
ATTEST:
City Clerk