HomeMy WebLinkAbout064 - 06/20/2000 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND AND AUTHORIZING THE TRANSFER OF APP ORDINANCE NO. 64, 2000
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND
AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS FROM THE STREET
OVERSIZING FUND AND THE CONSERVATION TRUST FUND TO THE CAPITAL
PROJECTS FUND FOR THE TAFT HILL ROAD AT OVERLOOK PROJECT
WHEREAS,a section of Taft Hill Road at Overlook currently has a declining level of service
for traffic, with traffic delays and congestion projected, beyond 2000, if improvements are not
constructed; and
WHEREAS, City staff has been working on the design plans for improvements to the
aforementioned section of Taft Hill Road at Overlook from old Harmony Road north to W.C.R. 38E
(the "Project") including reconstruction of the roadway,curb, gutter, sidewalks,a right turn lane at
Brixton Road, a sidewalk connection from Cathy Fromme Prairie to the Overlook at Woodridge
Development, and installation of a new thirty-six inch (36") waterline to be installed by the Fort
Collins/Loveland Water District; and
WHEREAS, the estimated cost of the Project is $1,179,766, and funds are available in the
form of existing appropriations ($591,655) in the Street Oversizing Fund, a contribution in the
Capital Projects Fund from the Fort Collins/Loveland Water District for its share of the
improvements ($580,493), and a transfer from the Conservation Trust Fund ($7,618); and
WHEREAS,upon completion of the bid process,the Project would begin in the summer of
2000, with final completion and landscaping scheduled for fall of 2000; 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 conjunction with
all previous appropriations for that fiscal year, does not exceed the 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 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$580,493 from unanticipated
revenue in the Capital Projects Fund, representing a contribution from the Fort Collins/Loveland
Water District, and authorize the transfer of existing appropriations in the Street Oversizing Fund
($591,655) and the Conservation Trust Fund ($7,618) to the Capital Projects Fund, to be used to
construct improvements along Taft Hill Road at Overlook from Old Harmony Road north to W.C.R.
38E.
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 in the Capital Projects Fund,
Taft Hill at Overlook capital project,the sum of FIVE HUNDRED EIGHTY THOUSAND FOUR
HUNDRED NINETY-THREE DOLLARS($580,493),to be used to construct improvements along
Taft Hill Road at Overlook from Old Harmony Road north to W.C.R. 38E.
Section 2. That the unexpended appropriated amount of FIVE HUNDRED NINETY-ONE
THOUSAND SIX HUNDRED FIFTY-FIVE DOLLARS($591,655)is hereby authorized for transfer
from the Street Oversizing Fund to the Capital Projects Fund,to be used to construct improvements
along Taft Hill Road at Overlook from Old Harmony Road north to W.C.R. 38E.
Section 3. That the unexpended appropriated amount of SEVEN THOUSAND SIX
HUNDRED EIGHTEEN DOLLARS ($7,618) is hereby authorized for transfer from the
Conservation Trust Fund to the Capital Projects Fund,to be used to construct improvements along
Taft Hill Road at Overlook from Old Harmony Road north to W.C.R. 38E.
Introduced and considered favorably on first reading and ordered published this 6th day of
June, A.D. 2000, and to be presented for final passage on the 20th day of June, A.D. 2000.
Mayor 3-r,'r^rn
ATTEST:
City Clerk
Passed and adopted on final reading this 20th day of June, A.D. 2000.
Mayor pry Tnm
ATTEST:
City Clerk