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HomeMy WebLinkAbout008 - 02/03/2004 - APPROPRIATING UNANTICIPATED REVENUE TO BE USED FOR THE DESIGN OF A FOUR-LANE ARTERIAL STREET ON A SE ORDINANCE NO. 008, 2004 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND - SOUTH TAFT HILL ROAD, HORSETOOTH ROAD TO HARMONY ROAD PROJECT, TO BE USED FOR THE DESIGN OF A FOUR-LANE ARTERIAL STREET ON A SECTION OF SOUTH TAFT HQ.L ROAD FROM HORSETOOTH ROAD SOUTH TO HARMONY ROAD WHEREAS, the section of South Taft Hill Road from Horsetooth Road south to Harmony Road, located within the City's Growth Management Area, is currently a two-lane County road with no left turn lanes, no bike lanes, partial sidewalk, and minimal roadway shoulders; and WHEREAS, the aforementioned roadway is identified in the City's Master Street Plan as a roadway which should become a four-lane arterial street; and WHEREAS, South Taft Hill Road (County Road 19) is identified in Larimer County's Transportation Plan as one of five roads within the County that are considered "Regional Roads" and, as such, Taft Hill Road is eligible for funding from the County's Regional Road Capital Expansion Fee program; and WHEREAS, under the County's Regional Road Capital Expansion Fee program, initiated by Latimer County in 1999 and adopted by the City in 2000, the County collects fees from building permits issued within unincorporated Larimer County and the City of Fort Collins, and said fees are then available for funding improvements to "Regional Roads" as identified by the County; and WHEREAS, the City has received $300,000 from Larimer County's Regional Road Capital Expansion Fee program; and WHEREAS, the City will use the aforementioned funds to cover the costs of designing a four-lane arterial street for the section of South Taft Hill Road from Horsetooth Road south to Harmony Road; 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 current estimate of actual and anticipated revenues to be received during the fiscal year; and WHEREAS, City staff has determined that the appropriation of $300,000 from Larimer County as described herein will not cause the total amount appropriated in the Capital Projects Fund - South Taft Hill Road, Horsetooth Road to Harmony Road capital project budget 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 $300,000, representing Regional Road Capital Expansion fees collected by Larimer County, in the Capital Projects Fund - South Taft Hill Road, Horsetooth Road to Harmony capital project to be used to cover the costs of designing a four-lane arterial street for the section of South Taft all Road from Horsetooth Road south to Harmony Road 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 - South Taft Hill Road, Horstooth Road to Harmony Road capital project, the sum of THREE HUNDRED THOUSAND DOLLARS ($300,000), upon receipt from Larimer County, to be used to cover the costs to design a four-lane arterial street for the section of South Taft Hill Road from Horsetooth Road south to Harmony Road. 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. Mayor Fro Tom A�U�L EST: City Clerk Passed and adopted on final reading this 3rd day of February, A W2004. ayo ATTEST: City Clerk