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HomeMy WebLinkAbout051 - 05/05/1992 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND FOR THE SHIELDS, DAVIDSON TO CASA G ORDINANCE NO. r -,111 1992 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND FOR THE SHIELDS, DAVIDSON TO CASA GRANDE PROJECT WHEREAS, Article V, Section 14, of the Charter of the City of Fort Collins (the "Charter") authorizes the City Council to appropriate by ordinance unanticipated revenue received from new revenue sources at any time during the budget year; and WHEREAS, the developer for the Kinder Care site at 1100 Rocky Mountain Way entered into a Development Agreement with the City of Fort Collins for the improvement of a 127-foot section of Shields Street adjacent to the Kinder Care site; and WHEREAS, in accordance with the aforementioned agreement, the developer agreed to pay the cost of the street improvements adjacent to the Kinder Care site at the time of construction; and WHEREAS, said improvements have been completed in conjunction with the Choices 95 capital project, Shields, Davidson to Casa Grande; and WHEREAS, the City has received NINE THOUSAND NINE HUNDRED SEVENTY-SIX DOLLARS ($9,976), representing the developer's share of the improvement costs; and WHEREAS, the City plans to complete the Shields, Davidson to Casa Grande project this summer, and wishes to apply any project savings to other capital projects. 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, the sum of NINE THOUSAND NINE HUNDRED SEVENTY-SIX DOLLARS ($9,976) to be used with previously appropriated funds for the Choices 95 Shields, Davidson to Casa Grande capital project. Introduced, considered favorably on first reading, and ordered published this 21st day of April , A.D. 1992, and to be considered for final passage on the 5th day of May, A.D. 1992. I c i Mayor ATTEST: City Clerk • r ' Passed and adopted on final reading this 5th day of May, A.D. 1992. ,J��, "./' Mayor ATTEST: City Clerk