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HomeMy WebLinkAbout108 - 07/20/1999 - APPROPRIATING UNANTICIPATED REVENUE AND PRIOR YEAR RESERVES IN THE TRANSPORTATION SERVICES FUND AND ORDINANCE NO. 108, 1999 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED REVENUE AND PRIOR YEAR RESERVES IN THE TRANSPORTATION SERVICES FUND AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS TO BE USED FOR THE DESIGN AND CONSTRUCTION OF PHASE THREE OF THE HARMONY ROAD BIKEWAY PROJECT WHEREAS,the City contracted with the consulting team HNTB Corporation and Drake and Associates and worked with a citizen's advisory committee to plan and design facilities for bicycle transportation on Harmony Road between College Avenue and Interstate 25; and WHEREAS, on October 1, 1996, the City Council adopted Ordinance No. 123, 1996, appropriating a total of$255,180, in the form of Intermodal Surface Transportation Enhancement Act(ISTEA)funds from the Colorado Department of Transportation(CDOT)and prior year reserves in the Transportation Services Fund to be used for the construction of phase I of the Harmony Road Bikeway project(the "Project"); and WHEREAS, on May 19. 1998, the City Council adopted Ordinance No. 95, 1998, appropriating$93,600,in the form of Intermodal Surface Transportation Enhancement Act(ISTEA) funds from the CDOT and authorizing the transfer of$23.400 from existing appropriations in the Transportation Services Fund to be used for the construction of phase II of the Project; and WHEREAS, constructing bike lanes along Harmony Road was identified as the highest priority of the Project; and WHEREAS,portions of phases i and 11 have been completed or are planned for completion as part of the development occurring along the Harmony corridor; and WHEREAS, the City Council adopted Resolution 99-79, on July 6, 1999, authorizing the City to enter into an intergovernmental agreement with the CDOT for the receipt of Transportation Equity Act for the 21st Century funds ("TEA-21 Funds") to be used to construct improvements relating to phase III of the Project; and WHEREAS,the CDOT has made available to the City of Fort Collins,TEA-21 funds in the total amount of$365,188 to proceed with phase HI of the Project,providing for the design and construction of as many remaining portions of the bike lanes as possible along Harmony Road, from Boardwalk Drive to County Road 7; and WHEREAS, the estimated cost to complete phase III of the Project is $456,485; and WHEREAS,local matching funds needed for phase III of the Project,totaling$91,297,have been identified from existing appropriations ($10,297) and prior year reserves ($81,000) in the Transportation Services Fund; and 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 9,of the Charter also 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,Article V, Section 10, of the Charter authorizes the City Council to transfer by ordinance any unexpended and unencumbered amount or portion thereof from one fund or capital project to another fund or capital project,provided that the purpose for which the transferred funds are to be expended remains unchanged; and WHEREAS, it is the desire of the Council to appropriate the sum of$365,188 in Colorado Department of Transportation TEA-21 funds,$81,000 from prior year reserves in the Transportation Services Fund, and authorize the transfer of$10,297 in local matching funds in the Transportation Services Fund to be used to construct phase III of the Harmony Road Bikeway project. NOW, THEREFORE, BE IT ORDAINED BY MF 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 THREE HUNDRED SIXTY-FIVE THOUSAND ONE HUNDRED EIGHTY-EIGHT DOLLARS ($365,188) from Colorado Department of Transportation TEA-21 funds, to be used to construct phase III of the Harmony Road Bikeway project. Section 2. That there is hereby appropriated from prior year reserves in the Transportation Services Fund for transfer to the Harmony Road Bikeway project in the Transportation Services Fund,the sum of EIGHTY-ONE TIOUSAND DOLLARS ($81,000)to be used to construct phase III of the Harmony Road Bikeway project. Section 3. That the unexpended appropriated amount of TEN THOUSAND TWO HUNDRED NINETY-SEVEN DOLLARS ($10,297) is hereby authorized for transfer from operations dollars in the Transportation Planning 1999 budget to the Harmony Road Bikeway project and appropriated therein to be used for the construction of phase III of said project. Introduced and considered favorably on first reading and ordered published this 6th day of July, A.D. 1999, and to be presented for final passage on the 20th day of Julys A.D. 1999. Mayor ATTEST: - 4AL N) City Clerk Passed and adopted on final reading this 20th clay of July, A.D. 199 y / r ATTEST: Mayor City Clerk