HomeMy WebLinkAbout008 - 02/06/2001 - APPROPRIATING PRIOR YEAR RESERVES IN THE STREET OVERSIZING FUND FOR TIMBERLINE AND DRAKE ROADWAY IMP ORDINANCE NO. 8, 2001
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE STREET OVERSIZING FUND AND
AUTHORIZING THE TRANSFER OF APPROPRIATIONS FROM THE STREET
OVERSIZING FUND TO THE CAPITAL PROJECTS FUND FOR THE TIMBERLINE AND
DRAKE ROADWAY IMPROVEMENTS
WHEREAS, City staff has been working on the design plans for a section of Timberline
Road from Vermont Drive north to the intersection of Timberline and Drake Roads (the"Project")
including the widening of Timberline to a four-lane arterial with landscaped medians; construction
of double left turn lanes on all approaches to the intersection of Timberline and Drake;curb, gutter,
eight-foot sidewalks and bikelanes;ADA compliant access ramps;full length medians with plantings
and hardscaping; asphalt and concrete paving with decorative crosswalks; and storm sewer and
waterline installation; and
WHEREAS, the Project will be constructed in conjunction with the Rigden Farm
development; and
WHEREAS, the estimated cost of the Project is $3,223,712, and funds are available in the
form of prior year reserves in the Street Oversizing Fund; and
WHEREAS,upon completion of the bid process,the Project will begin in the spring of 2001,
with final completion and landscaping to be completed in the fall of 2001; and
WHEREAS, Article V, Section 9, of the Charter of the City of Fort Collins (the "Charter")
permits the City Council to appropriate 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 City Council to appropriate funds totaling$3,223,712 from
prior year reserves in the Street Oversizing Fund, and authorize the transfer of said appropriations
to the Capital Projects Fund, to be used to construct improvements along Timberline Road from
Vermont Drive north to the intersection of Drake Road and including the intersection of Timberline
and Drake Roads.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the sum of THREE MILLION TWO HUNDRED TWENTY-THREE THOUSAND
SEVEN HUNDRED TWELVE DOLLARS ($3,223,712), is hereby appropriated for expenditure
from prior year reserves in the Street Oversizing Fund,authorized for transfer to the Capital Projects
Fund,Timberline and Drake Road capital project, and appropriated therein,to be used to construct
improvements along Timberline Road from Vermont Drive north to the intersection of Drake Road
and including the intersection of Timberline and Drake Roads.
Introduced and considered favorably on first reading and ordered published this 16th day of
January, A.D. 2001, and to be presented for final passage on the 6th day of February, A.D. 2001.
-C
Mayor r,'
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City Clerk .'
Passed and adopted on final reading this 6th day of February, A.D. 2001.
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Mayor '
ATTEST:
01
City Clerk