HomeMy WebLinkAbout107 - 10/05/1993 - TRANSFERRING APPROPRIATIONS AND APPROPRIATING FUNDS IN THE CAPITAL PROJECTS FUND FOR THE STREET OVER ORDINANCE NO. 107, 1993
OF THE COUNCIL OF THE CITY OF FORT COLLINS
TRANSFERRING APPROPRIATIONS AND APPROPRIATING
FUNDS IN THE CAPITAL PROJECTS FUND FOR THE
STREET OVERLAY AND SEALCOAT PROGRAM
WHEREAS, in 1984, the City established by ordinance a Transportation
Utility for the purpose of providing maintenance and upkeep of the City's local
streets and for the portion of arterial and collector streets which were
equivalent to local streets; and
WHEREAS, said maintenance associated with the Transportation Utility
includes patching, crack sealing, overlays and sealcoats; and
WHEREAS, also in 1984, City Council established by ordinance a
Transportation Utility Fee (TUF) to be paid by the owners or occupants of real
property within the City, to be used to fund the operation, administration and
maintenance of the local street network of the City; and
WHEREAS, the City has not collected a Transportation Utility Fee since
1987, when the TUF was declared to be unconstitutional by the District Court,
which decision was later overturned by the Colorado Supreme Court in 1989,
following the City's appeal ; and
WHEREAS, the City has reserved the funds collected from the TUF in excess
of expenditures which were incurred prior to the time the TUF litigation began;
and
WHEREAS, said funds total approximately $449,000, as of December 31, 1992,
and are accounted for in a reserve established within the Streets Department
portion of the Transportation Services Fund; and
WHEREAS, staff has been identifying and prioritizing street maintenance
needs which have not been funded from other sources, and is recommending that
$360,000 of the TUF proceeds be transferred from the Street Department portion
of the Transportation Services Fund to the Street Overlay & Sealcoat program in
the Capital Projects Fund to be expended during the remainder of 1993 and into
1994 for street maintenance activities including patching, crack sealing,
replacing old concrete on certain streets, and some reconstructions of local
streets; and
WHEREAS, Article V, Section 7, of the Charter of the City of Fort Collins
(the "Charter"), authorizes the City Council to provide by ordinance for payment
of any expense from reserves accumulated in prior years, notwithstanding that
such reserves were not appropriated for expenditure in the annual appropriation
ordinance.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS
that there is hereby appropriated from prior year reserves in the Streets
Department portion of the Transportation Services Fund THREE HUNDRED SIXTY
THOUSAND DOLLARS (E360,000) for transfer to the Street Overlay & Sealcoat project
in the Capital Projects Fund and appropriated therein for patching, crack
sealing, reconstruction of certain local streets, and other street maintenance
activities.
Introduced, considered favorably on first reading, and ordered published
this 21st day of September, A.D. 1993, and to be presented f inal pass a on
the 5th day of October, A.D. 1993.
ayor
ATTEST:
City Clerk
Passed and adopted on final reading this 5th day of Oct66er, A.D. 3.
ATTEST: yor
City Clerk