HomeMy WebLinkAbout107 - 09/02/2003 - APPROPRIATING UNANTICIPATED REVENUE IN THE GENERAL FUND FOR THE REHABILITATION OF 259 SOUTH COLLEGE ORDINANCE NO. 107, 2003
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE GENERAL FUND
FOR THE REHABILITATION OF 259 SOUTH COLLEGE AVENUE,
THE MOUNTAIN EMPIRE(HISTORIC ARMSTRONG) HOTEL
WHEREAS, the City of Fort Collins has been awarded a grant in the amount of$171,000
from the Colorado Historical Society's State Historical Fund; and
WHEREAS,the grant is to be used to rehabilitate 259 South College Avenue,the Mountain
Empire (Historic Armstrong)Hotel; and
WHEREAS, the building's owners will provide grant matching funds to the City in the
amount of$339,000, and will be contracting for the work from sole source vendors; and
WHEREAS,The City will administer the grant and cash match funds and be responsible for
the distribution of the grant and cash match funds; 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 the grant revenue from the
Colorado Historical Society referenced herein will not cause the total amount appropriated in the
General Fund to exceed the current estimate of actual and anticipated revenues to be received in that
fund during 2003.
NOW THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That,upon receipt from the Colorado Historical Society's State Historical Fund,
there is hereby appropriated from unanticipated grant revenue in the General Fund the sum of ONE
HUNDRED SEVENTY-ONE THOUSAND DOLLARS ($171,000)for expenditure in the General
Fund for restoration of 259 South College Avenue.
Section 2. That, upon receipt from the building owners, there is hereby appropriated from
unanticipated revenue in the General Fund the sum of THREE HUNDRED THIRTY-NINE
THOUSAND DOLLARS ($339,000) for expenditure in the General Fund for restoration of 259
South College Avenue.
Introduced, considered favorably on first reading, and ordered published this 19th day of
August, A.D. 2003, and to be presented for final passage on the 2nd day o September, A.D. 2003.
Mayors
ATTEST:
�41 vc� L.N ."A .
City Clerk
Passed and adopted on final reading this 2nd day of September, A.D, 2003.
Mayor
ATTEST:
City Clerk