HomeMy WebLinkAbout107 - 07/06/1999 - APPROPRIATING UNANTICIPATED REVENUE IN THE TRANSPORTATION SERVICES FUND FOR THE CONSTRUCTION OF TRAF ORDINANCE NO. l 07, 1999
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE
TRANSPORTATION SERVICES FUND AND AUTHORIZING THE TRANSFER
OF APPROPRIATIONS FROM THE STREET OVERSIZING FUND TO THE
TRANSPORTATION SERVICES FUND FOR THE CONSTRUCTION OF TRAFFIC
SIGNALS AND IMPROVEMENTS AT THE INTERSECTION OF COUNTY ROAD 32 AND
TIMBERLINE ROAD
WHEREAS, Article V, Section 9, of the Charter of the City of Fort Collins (the"Charter")
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,Article V, Section 10,of the Charter authorizes the City Council to transfer by
ordinance any unexpended appropriated amount or portion thereof from one fund or capital project
to another fund or capital project, if the purpose for which the transferred funds are to be expended
remains unchanged; and
WHEREAS,the City Council adopted Resolution 99-72, on June 15, 1999, authorizing the
City to enter into a contract with the Colorado Department of Transportation ("CDOT") for the
receipt of federal highway STU funds to be used to construct a traffic signal at the intersection of
County Road 32 and Timberline Road, and to construct left turn lanes at the same intersection(the
"Project"); and
WHEREAS, the estimated cost of the Project is One Hundred Twenty Three Thousand
Dollars ($123,000); and
WHEREAS,CDOT has made available to the City federal highway STU funds inthe amount
up to One Hundred Thousand Dollars ($100,000) to fund the Project; and
WHEREAS,local matching funds,totaling Twenty"Three Thousand Dollars($23,000)have
been identified and are appropriated in the 1999 Street Oversizing Fund budget; and
WHEREAS, it is the desire of the Council to appropriate the sum of$100,000 in federal
highway STU funds, and to authorize the transfer of$23,000 in local matching funds to be used to
construct a traffic signal and left turn lanes at the intersection of County Road 32 and Timberline
Road.
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 ONE HUNDRED THOUSAND DOLLARS
($100,000) upon receipt from the Colorado Department of Transportation federal highway STU
funds to be used to construct a traffic signal and left turn lanes at the intersection of County Road
32 and Timberline Road.
Section 2. That the unexpended appropriated amount of TWENTY THREE THOUSAND
DOLLARS ($23,000) is hereby authorized for transfer from the Street Oversizing Fund, 1999
budget,to the County Road 32/Timberline Road Intersection Project in the Transportation Services
Fund and appropriated therein to be used to construct a traffic signal and left turn lanes at the
intersection of County Road 32 and Timberline Road.
Introduced and considered favorably on first reading and ordered published this 15th day of
June, A.D. 1999, and to be presented for final passage on the 6th day of July, A.D. 1999.
'V
Mayor
ATTEST:
IML% -
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City Clerk
Passed and adopted on final reading this 6th day ol'July, A.D. 1'V9.
Mayor
ATTEST:
City Clerk