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HomeMy WebLinkAbout112 - 09/05/2000 - APPROPRIATING UNANTICIPATED REVENUE IN THE TRANSPORTATION SERVICES FUND STATE HIGHWAY 14 AND LEMAY A ORDINANCE NO. 112, 2000 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED REVENUE IN THE TRANSPORTATION SERVICES FUND STATE HIGHWAY 14 AND LEMAY AVENUE INTERSECTION PROJECT WHEREAS,the intersection of State Highway 14 and Lemay Avenue has been experiencing both delay and accident problems which are expected to continue with the construction of the Mulberry-Lemay Crossings Project; and WHEREAS,in the fall of 1999,the City applied for and received a grant from the Colorado Department of Transportation ("CDOT") for Congestion Mitigation and Air Quality ("CMAQ") funds for the purpose of providing an alternative analysis of intersection improvements and construction of those improvements as determined at State Highway 14 and Lemay Avenue (the "Project"); and WHEREAS, on November 2, 1999, City Council adopted Ordinance No. 152, 1999, appropriating$1,090,000 in CMAQ funds from CDOT and$80,000 from prior year reserves in the Transportation Services Fund, and authorizing the transfer of $205,721 from the City's Street Oversizing Fund to the Transportation Services Fund to be used for the Project; and WHEREAS,to date,a total of$314,860 has been spent on the Project,evaluating a four-lane and six-lane Mulberry Street cross-section as well as a modern roundabout design, using level of service, air quality, cost benefit, safety, and environmental and social impacts as the evaluation criteria; and WHEREAS, based upon the aforementioned evaluation, staff recommended the modern roundabout design as the best alternative to pursue; and WHEREAS,on January 18,2000,City Council adopted Resolution 2000-21,requesting that CDOT approve the modern roundabout design alternative for the Project; and WHEREAS, on June 9, 2000, CDOT gave its approval of the modern roundabout upon entering into an Intergovernmental Agreement with the City regarding the operation and maintenance of the Project; and WHEREAS, the total cost to construct the Project, including the amount already spent for analysis and determination of the appropriate intersection improvements,is estimated at$2,375,721; and WHEREAS,the balance of the funds needed,totaling$1,184,565.26,will be contributed by the Developer of the Mulberry-Lemay Crossings Project, representing the amount of contribution required by the developer for improvements to the Lemay Avenue and Mulberry Street (Highway 14) intersection; and WHEREAS,Article V, Section 9, of the Charter of the City of Fort Collins 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,does not exceed the then current estimate of actual and anticipated revenues to be received during the fiscal year. WHEREAS,it is the desire of the Council to appropriate from unanticipated revenue in the Transportation Services Fund State Highway 14 and Lemay Avenue Intersection project, the sum of$1,184,565.26 in the form of a contribution from the Developer of the Mulberry-Lemay Crossings Project, contingent upon the adoption of Resolution 2000-108, authorizing the City enter into an Intergovernmental Agreement with CDOT regarding the responsibilities for the roundabout at the intersection of State Highway 14 and Lemay Avenue. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS that there is hereby appropriated for expenditure from unanticipated revenue in the Transportation Services Fund State Highway 14 and Lemay Avenue Intersection project, the sum of ONE MILLION ONE HUNDRED EIGHTY FOUR THOUSAND FIVE HUNDRED SIXTY- FIVE DOLLARS AND TWENTY-SIX CENTS ($1,184,565.26),upon receipt from the Developer of the Mulberry-Lemay Crossings Project to be used to construct improvements associated with the roundabout for the State Highway 14 and Lemay Avenue Intersection project. Introduced and considered favorably on first reading and ordered published this 15th day of August, A.D. 2000, and to be presented for final passage on the 19th day of September, A.D. 2000. a"� W" Mayor ATTEST: - I WAL City Clerk Passed and adopted on final reading this 19th day of September, A.D. 2000. Mayor 0-po T^m ATTEST: Yea City Clerk