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HomeMy WebLinkAbout009 - 02/03/2004 - APPROPRIATING UNANTICIPATED REVENUE IN THE BUILDING COMMUNITY CHOICES CAPITAL PROJECTS FUND NORTH CO ORDINANCE NO. 009, 2004 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED REVENUE IN THE BUILDING COMMUNITY CHOICES CAPITAL PROJECTS FUND - NORTH COLLEGE AVENUE CORRIDOR IMPROVEMENTS, PHASE I WHEREAS,on April 8, 1997, the voters of the City approved Ordinance No. 30, 1997 (the "Ordinance"), authorizing the imposition of a quarter cent sales and use tax for the purpose of generating revenues to construct certain transportation projects described in the 'Building Community Choices" ('BCC") capital improvement program; and WHEREAS, one such project approved for funding by the voters was the North College Avenue Corridor Improvements, Phase I (the 'Project"); and WHEREAS, the scope of the Project as outlined in the Ordinance calls for the phased construction of improvements to improve the safety of pedestrians and vehicles on North College Avenue focusing on the 1/4 to 1/2 mile north of Jefferson Street; and WHEREAS, the project improvements may include: (1) drainage improvements; (2) widening the roadway to provide better and safer facilities for bicycles and pedestrians; (3) constructing medians for access control; and/or (4) improving to full arterial street standards including curb, gutter, and sidewalk; and WHEREAS,on March 5,2002,City Council adopted Ordinance No.38,2002,appropriating $142,270 in Congestion Mitigation&Air Quality("CMAQ")funds from the Colorado Department of Transportation ("CDOT") and $34,730 in City matching funds to be used for design and construction of bicycle and pedestrian improvements associated with the Project; and WHEREAS, on February 4, 2003, Council adopted Ordinance No. 10, 2003, appropriating an additional $223,453 in CMAQ funds, from CDOT, and $54,547 in local matching funds to be used for the same Project purposes, plus an additional $2,500,000 in highwa y resurfacing funds from CDOT for other road improvements in the immediate area of the Project, including asphalt milling and overlaying along Jefferson and Riverside, and intersection improvements at the North College/Jefferson, and Mulberry/Riverside intersections; and WHEREAS, CDOT has recently awarded the City of Fort Collins another$200,143, in the form of Surface Transportation Program ("STP") funds, to be used to construct additional improvements associated with the Project; and WHEREAS,local matching funds needed,totaling$48,857,have been identified in the form of existing appropriations in the Building Community Choices-North College Corridor Project;and WHEREAS,the aforementioned STP funds($200,143)from CDOT will be used along with previously appropriated, dedicated sales and use tax funds (Building Community Choices) and federal funds, totaling $5,463,222, in the Project, resulting in a total available appropriation of $5,663,365; and WHEREAS, on January 20, 2004, the City Council adopted Resolution 2004-007, authorizing the Mayor to sign a contract funding increase approval letter with the Colorado Department of Transportation for the construction of the North College Avenue Corridor Improvements and the receipt of the foregoing $200,143 in STP funds; and WHEREAS, the scope of improvements as described herein for the Project has been developed in accordance with the North College Avenue/US 287 Access Management Plan; and WHEREAS, Article V, Section 9, of the Charter of the City of Fort Collins (the "Charter") 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 current estimate of actual and anticipated revenues to be received during the fiscal year; and WHEREAS,City staff has determined that the appropriation of STP funds ($200,143)from the Colorado Department of Transportation, as described herein, will not cause the total amount appropriated in the Building Community Choices Capital Projects Fund - North College Corridor Project to exceed the current estimate of actual and anticipated revenues to be received during the fiscal year; and WHEREAS,it is the desire of the Council to appropriate the sum of$200,143,in STP funds, in the Building Community Choices Capital Projects Fund - North College Avenue Corridor Improvements project to be used with existing appropriations for the construction of improvements along North College Avenue, between Jefferson Street and Vine Drive. 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 Building Community Choices Capital Projects Fund-North College Avenue Corridor Improvements project,the sum of TWO HUNDRED THOUSAND ONE HUNDRED FORTY-THREE DOLLARS ($200,143)from Colorado Department of Transportation STP funds,to be used for the construction of improvements along North College Avenue, between Jefferson Street and Vine Drive. Introduced and considered favorably on first reading and ordered published this 20th day of January, A.D. 2004, and to be presented for final passage on the 3rd day of February, A.D. 2004. MayorPro Tent ATTEST: - L� N ` City Clerk Passed and adopted on final reading this 3rd day of February, A.D. 2004. Al Mayor ATTEST: 4o4,�Lk ,si"- — City Clerk