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HomeMy WebLinkAbout146 - 09/15/1998 - APPROPRIATING STORM DRAINAGE FUND PRIOR YEAR RESERVES INTO THE CANAL IMPORTATION BASIN CAPITAL PROJE ORDINANCE NO. 146, 1998 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING STORM DRAINAGE FUND PRIOR YEAR RESERVES INTO THE CANAL IMPORTATION BASIN CAPITAL PROJECT FOR THE ACQUISITION OF LAND AND RIGHT-OF-WAY AND THE UPDATE OF THE CANAL IMPORTATION MASTER PLAN WHEREAS, storm drainage fees are collected in the Canal Importation Basin to fund basin master plans, drainage improvements and right-of-way acquisition; and WHEREAS,the Canal Importation Drainage Basin Master Plan includes the installation of channels and detention ponds to capture and control storm runoff generated in the basin and recommends capital improvements in the Canal Importation Basin; and WHEREAS, a drainage channel across the property located on the southeast corner of Prospect Road and Taft Hill Road known as the Kane Property was included in the Canal Importation Basin Master Plan; and WHEREAS, the Canal Importation Drainage Basin Master Plan needs to be updated to determine the amount of stormwater flows to be conveyed across the site and to determine if any detention is required; and WHEREAS,acquisition of land and right-of-way and construction of improvements on the Kane Property will facilitate drainage in the vicinity of that property and the outfall for Fairbrooke Pond; and WHEREAS, funds to cover these expenditures are available in the Storm Drainage 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. 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 Storm Drainage Fund the sum of TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000) in the Canal Importation Basin Capital Projects and to allow the City Manager to acquire right-of-way for storm drainage facilities. Introduced and considered favorably on first reading and ordered published this 1st day of September, A.D. 1998, and to be presented for final passage on the-� day of September, A.D 1998. Mayor i ATTEST: 2 City Clerk Passed and adopted on final reading this 15th day of Seer, A.D. 19A8�� s � Mavor ATTEST: City Clerk