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HomeMy WebLinkAbout055 - 05/01/2001 - APPROPRIATING UNANTICIPATED REVENUE IN THE STORM DRAINAGE FUND OLD TOWN BASIN PROJECT ORDINANCE NO. 55, 2001 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED REVENUE IN THE STORM DRAINAGE FUND OLD TOWN BASIN PROJECT WHEREAS, the City of Fort Collins Utilities, using funds appropriated for the Old Town Basin Project, has designed and built the Locust Street Outfall to provide storm drainage for both City stormwater customers and Colorado State University; and WHEREAS,Colorado State University has reimbursed the City for its share of the expenses related to the design and construction of the outfall in an amount of$211,000; and WHEREAS,Article V, Section 9,of the Charter of the City of Fort Collins permits the City Council to make supplemental appropriations by ordinance at any time during the fiscal year, provided that the total amount of such supplemental appropriations,in combination with all previous appropriations for that fiscal year do not exceed the then current estimate of actual and anticipated revenues to be received during the fiscal year; and WHEREAS, it is the desire of the Council to appropriate $211,000 from Colorado State University in the Storm Drainage Fund Old Town Basin Project. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS that there is hereby appropriated for expenditure in the Storm Drainage Fund the sum of TWO HUNDRED ELEVEN THOUSAND DOLLARS ($211,000)for the Old Town Basin Project. Introduced, considered favorably on first reading, and ordered published this 17th day of April, A.D. 2001, and to be presented for final passage on the 1st day of,,Iv'Iay, A.D. 2001. Mayor —_ ATTEST: City Clerk Passed and adopted on final reading this 1 st day of May, A.D. 2001 Mayor ATTEST: City Clerk