HomeMy WebLinkAbout093 - 06/02/1998 - APPROPRIATING PRIOR YEAR RESERVES IN THE CAPITAL EXPANSION FUND FOR IMPROVEMENTS RELATING TO THE PRO ORDINANCE NO. 93, 1998
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE
CAPITAL EXPANSION FUND FOR IMPROVEMENTS
RELATING TO THE PROVISION OF LIBRARY SERVICES
WHEREAS, the City of Fort Collins has recognized and addressed the issue of requiring
future growth and new development to contribute its proportionate share of the cost of providing new
capital facilities and infrastructure required to maintain the City's level of services to its residents;
and
WHEREAS,the City Council adopted Ordinance No. 51, 1996,on May 21, 1996,amending
the City Code by adding a new Article 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 Library 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, on November 4, 1997, the City Council adopted Ordinance No. 172, 1997,
adjusting the aforementioned capital expansion fees for increases in inflation based on the Denver-
Boulder Consumer Price Index; and
WHEREAS, City Code Section 7.5-27(a) requires that Library Capital Improvement
Expansion Fee funds be used only for capital improvements related to the provision of general
library services,as such improvements may be identified in the capital improvements plan for library
services; and
WHEREAS,Library staff has identified the need to appropriate$268,000 of Library Capital
Improvement Expansion Fees, to be used to books and other library materials; and
WHEREAS,the purchase of books and other library materials is consistent with the Capital
Improvements Plan for the Library adopted by the Council in Resolution 98-83 on May 19, 1998;
and
WHEREAS,the aforementioned request for appropriation of said fees is in compliance with
the uses of the fees set forth in Chapter 7.5 of the City Code; and
WHEREAS, funds are available in the Capital Expansion Fund for Library Services, from
prior year reserves in the amount of$268,000; 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 funds from prior year reserves in
the Capital Expansion Fund for the provision of costs associated with Library Services.
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 TWO HUNDRED SIXTY-EIGHT THOUSAND DOLLARS
($268,000) to be used to purchase books and other library materials.
Introduced, considered favorably on first reading, and ordqxo&published thi tiay of
May, A.D. 1998, and to be considered for final passage on the d dM of June, . . 199�.
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ATTEST:
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u City Clerk
1 Passed and adopted on final reading this 2nd day of June, A 15: 1998.
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ayor
ATTEST:
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City Clerk