HomeMy WebLinkAbout026 - 03/04/2003 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND FOR ADDITIONAL COSTS TO INSTALL CRO ORDINANCE NO. 026, 2003
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE
CAPITAL PROJECTS FUND -DOWNTOWN RAILROAD TRACK CONSOLIDATION
PROJECT TO BE USED FOR ADDITIONAL COSTS TO INSTALL CROSSING WARNING
DEVICES AT THE LINDEN STREET CROSSING OF THE UNION PACIFIC RAILROAD
TRACKS NORTHEAST OF JEFFERSON STREET
WHEREAS, City Council adopted Ordinance No. 6, 2000,on January 4, 2000, authorizing
the appropriation of Colorado Department of Transportation (CDOT) Intermodal Surface
Transportation Efficiency Act (ISTEA)funds,totaling$154,000,to be used to install new crossing
warning devices at the Linden Street crossing of the Union Pacific Railroad tracks, northeast of
Jefferson Street (the "Project"); and
WHEREAS, local matching funds, totaling $10,000, required in conjunction with the
aforementioned appropriation of ISTEA funds,were identified in the form of existing appropriations
in the City's Capital Projects Fund-Downtown Railroad Consolidation project,resulting in a total
Project cost of$164,000; and
WHEREAS, the final Project cost is $177,000, and CDOT has made available to the City
additional ISTEA funds, totaling $13,000, to complete the installation of new crossing warning
devices at the Linden Street railroad crossing, northeast of Jefferson Street; and
WHEREAS, no additional local matching funds are required; 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; and
WHEREAS, City staff has determined that the appropriation of ISTEA funds from the
CDOT,as described herein,will not cause the total amount appropriated in the Capital Projects Fund
-Downtown Railroad Consolidation project to exceed the current estimate of actual and anticipated
revenues to be received during any fiscal year; and
WHEREAS, it is the desire of the Council to appropriate the sum of $13,000 in federal
ISTEA funds to be used to complete the installation of new crossing warning devices at the Linden
Street crossing of the Union Pacific Railroad Tracks Northeast of Jefferson Street.
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
Capital Projects Fund - Downtown Railroad Track Consolidation project the sum of THIRTEEN
THOUSAND DOLLARS ($13,000), upon receipt from CDOT Intermodal Surface Transportation
Efficiency Act, to fund the completion of the installation of new crossing warning devices at the
Linden Street crossing of the Union Pacific Railroad Tracks Northeast of Jefferson Street.
Introduced and considered favorably on first reading and ordered published this 18th day of
February, A.D. 2003, and to be presented for final passage on the 4th day of March, A.D. 2003.
ayor
ATTEST:
City Clerk
Passed and adopted on final reading this 4th day of March, A.D. 2003.
Mayor :.:. .,
ATTEST:
City Clerk