HomeMy WebLinkAbout043 - 04/02/2002 - APPROPRIATING PRIOR YEAR RESERVES IN THE SALES AND USE TAX FUND FOR TRANSFER TO THE CAPITAL PROJECTS ORDINANCE NO. 043, 2002
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE SALES AND USE TAX FUND FOR
TRANSFER TO THE CAPITAL PROJECTS FUND
HARMONY ROAD, SENECA TO THE BNSF RAILROAD CROSSING PROJECT
TO BE USED FOR FINAL DESIGN, RIGHT-OF-WAY ACQUISITION
AND INITIAL PROJECT CONSTRUCTION
WHEREAS, improvements are needed on Harmony Road from Seneca Street east to the
Burlington Northern and Santa Fe Railroad (BNSF) crossing in order to mitigate traffic impacts,
thereby improving capacity along this important east-west arterial street; and
WHEREAS,improvements to Harmony Road from Seneca Street east to the BNSF railroad
crossing constitute one of the projects identified as a priority in compiling the City's I0-year Capital
Improvement Plan and Inventory, presented to Council in 2000; and
WHEREAS, City staff has been working on the design plans for improvements to the
approximately 1.6 mile portion of Harmony Road from Seneca Street east to the BNSF railroad
crossing, including widening of Harmony Road to four-lanes, curb, gutter, and sidewalk
improvements, and intersection improvements at Harmony Road and Shields (the "Project"); and
WHEREAS,the estimated cost of the Project is$7,500,000,and funds,totaling$3,200,000,
are available in the City's use tax carryover reserve in the Sales and Use Tax Fund to be used for the
City's share of improvements for the Project,with the remaining funds needed,totaling$4,300,000,
to be funded from revenues and prior year reserves in the City's Street Oversizing Fund; and
WHEREAS,while construction of the Project improvements is scheduled for 2003,there are
several "pre-construction" costs that need to be undertaken in 2002 prior to the scheduled
construction in 2003, including: (1)completion of the project design; (2) right-of-way acquisition;
(3)utility coordination and relocations;(4)public information and consent-building;and(5)up-front
costs associated with constructing a box culvert and ordering necessary traffic signal components;
and
WHEREAS, the estimated cost of the aforementioned"pre-construction" is $750,000; 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 Council to transfer by
ordinance any unexpended and unencumbered appropriated 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 or the purpose for which the funds were
initially appropriated no longer exists or the proposed transfer is from a fund or capital project
account in which the amount appropriated exceeds the amount needed to accomplish the purpose
specified in the appropriation ordinance; and
WHEREAS, the purpose for which the funds appropriated in the Sales and Use Tax Fund
for transfer to the Capital Projects Fund-Harmony Road,Seneca Street to BNSF Railroad Crossing
project remains the same, and the City Manager has recommended that said unspent and
unencumbered funds be transferred from the Sales and Use Tax Fund to the Capital Projects Fund-
Harmony Road, Seneca Street to BNSF Railroad Crossing project; and
WHEREAS, it is the desire of the Council to appropriate $750,000 from prior year reserves
in the Sales and Use Tax Fund, for transfer to the Capital Projects Fund - Harmony Road, Seneca
Street to BNSF Railroad Crossing project, and appropriated therein to be used for design, row
acquisition and other pre-construction Project costs; and
WHEREAS, remaining Project funding of $2,450,000 from the City's use tax carryover
reserve in the Sales and Use Tax Fund, and $4,300,000 from the Street Oversizing Fund, for the
construction of improvements along Harmony Road from Seneca Street to the BNSF Railroad
Crossing is earmarked for the Project and will be presented to City Council, for appropriation, at a
later date.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the amount of SEVEN HUNDRED FIFTY THOUSAND DOLLARS ($750,000) is
hereby appropriated from prior year reserves in the Sales and Use Tax Fund, authorized for transfer
to the Capital Projects Fund-Harmony Road,Seneca Street to BNSF Railroad Crossing project,and
appropriated therein to be used for design,row acquisition and other pre-construction Project costs.
Introduced and considered favorable on first reading and ordered published this 19th day of
March, A.D. 2002, and to be presented for final passage on the 2nd day of April, A.D. 2002.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 2nd day of April, A.D. 2002.
Mayor w
ATTEST:
City Clerk