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HomeMy WebLinkAbout038 - 03/20/2001 - APPROPRIATING PRIOR YEAR RESERVES FOR A CENTRALIZED POLICE FACILITY ORDINANCE NO. 38, 2001 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING PRIOR YEAR RESERVES IN THE CHOICES 95 CAPITAL PROJECTS FUND AND AUTHORIZING THE TRANSFER OF APPROPRIATED AMOUNTS FOR THE POLICE FACILITY WHEREAS, Police Services is currently located in the old "City Hall East" building (26,550 square feet) at 300 LaPorte Avenue; and WHEREAS, the aforementioned facility is no longer suitable for an agency the size of Police Services, with over 225 people; and WHEREAS, a new central Police Services building is necessary to maintain service to the community, conduct business, provide public safety, and is part of the Fort Collins Police Services Strategic Plan and the City's Facility Master Plan; and WHEREAS, a needs assessment facility study was completed in 2000, through a joint effort by Roth, Sheppard Architects and Aller, Lingle Architects, and indicated that 92,811 square feet is needed for a centralized facility and 101,606 square feet is needed for a decentralized (two buildings) facility; and WHEREAS, City staff is recommending a centralized facility, not to exceed 93,000 square feet (the "Project") at an estimated cost of$27 million; and WHEREAS, a financing strategy has been developed for the Project, with staff identifying approximately $10.1 million from the following sources: Building Community Choices - Police Building/Land Acquisition Project Existing appropriations $ 297,355 Building Community Choices - Police Building/Land Acquisition Future appropriations (2002) 1,806,190 Choices 95 Prior Year Reserves 1,535,968 Projected Interest Earnings through 2005 265,000 Capital Improvement Expansion Fund Projected balance for Police Services (2005) 2,200,000 Building Community Choices - Community Enhancements Projected balance (2005) 4,000,000 $ 10,104,513 with the balance ($16.9 million) to be paid through the issuance of certificates of participation in a lease-lease back arrangement; and WHEREAS, the amount needed for lease payments associated with the certificates of participation would be approximately $1.6 million per year for 20 years, and would be paid from General Fund resources; and WHEREAS, under Ordinance No. 9, 1989, excess Choices 195 sales and use tax revenues may be used for any capital project approved by the City Council; and WHEREAS, it is the desire of City Council to earmark available funds for the future Police Services Facility by appropriating the sum of $1,535,968, from prior year reserves in the Choices 95 Capital Projects Fund for transfer to the Police Services Facility capital project, and authorizing the transfer of $297,355 from the Building Community Choices Police Building/Land Acquisition capital project to the Police Services Facility capital project; and WHEREAS, Article V, Section 9 of the Charter of the City of Fort Collins, (the "Charter") 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 the purpose for which the transferred funds are to be expended remains unchanged. 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 prior year reserves in the Choices 95 Capital Projects Fund, the sum of ONE MILLION FIVE HUNDRED THIRTY-FIVE THOUSAND NINE HUNDRED SIXTY-EIGHT DOLLARS ($1,535,968) for transfer to the Police Facilities capital project and appropriated therein to be used for land acquisition, design, and construction of a centralized police facility. Section 2. That the unexpended appropriated amount of TWO HUNDRED NINETY- SEVEN THOUSAND THREE HUNDRED FIFTY-FIVE DOLLARS ($297,355) is hereby authorized for transfer from the Building Community Choices Police Building/Land Acquisition project to the Police Facilities capital project and appropriated therein to be used for land acquisition and design of a centralized police facility. Introduced and considered favorably on first reading and ordered published this 6th day of March, A.D. 2001, and to be presented for final passage on the 20th day of March, A.D. 2001. 1� Mayor � OP ATTEST: is City Clerk Qs Passed and adopted on final reading this 20th day of March, A T-1. 2001. Mayor ATTEST: IUL City Clerk