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HomeMy WebLinkAbout040 - 04/06/2004 - APPROPRIATING UNANTICIPATED GRANT REVENUE TO BE USED FOR THE INSTALLATION OF FIBER OPTIC AND WIRELES ORDINANCE NO. 040, 2004 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED GRANT REVENUE IN THE CAPITAL PROJECTS FUND -TRAFFIC SIGNAL TIMING SYSTEM PROJECT TO BE USED FOR THE INSTALLATION OF FIBER OPTIC AND WIRELESS COMMUNICATIONS AND THE PURCHASE OF ADDITIONAL EQUIPMENT FOR THE ADVANCED TRAFFIC MANAGEMENT SYSTEM WHEREAS, the City is in the process of replacing its traffic signal system with a modernized Advanced Traffic Management System("ATMS"); and WHEREAS, to date, City Council has approved appropriations totaling $5,405,646, towards the replacement ATMS; and WHEREAS, the Colorado Department of Transportation ("CDOT") has awarded the City a federal Congestion Mitigation and Air Quality ("CMAQ") grant, in the amount of $893,849, for additional fiber optic and wireless communications and the purchase of additional traffic management equipment; and WHEREAS, the federal portion of the aforementioned grant, to be reimbursed to the City by CDOT is $827,899; and WHEREAS, the City's required local match is $65,950, and is available as follows: Capital Projects Fund -Traffic Operations Facility Project-Existing Appropriations $ 12,950 Capital Projects Fund- Traffic Signal Timing System Project-Existing Appropriations 53,000 Total $ 65,950 WHEREAS, the City Council adopted Resolution 2004-030, on March 16, 2004, authorizing the Mayor to enter into an intergovernmental agreement with the CDOT for the receipt of federal CMAQ grant funds to be used for additional fiber optic and wireless communications and additional traffic management equipment; 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 the federal CMAQ grant as described herein will not cause the total amount appropriated in the Capital Projects Fund - Traffic Signal Timing System Project to exceed the current estimate of actual and anticipated revenues to be received during any fiscal year; and WHEREAS, Article V, Section 10 of the Charter of the City authorizes the City Council to transfer by ordinance any unexpended and unencumbered amount or portion thereof from one fund or capital project to another fund or capital project, provided that the purpose for which the funds were initially appropriated no longer exists; and WHEREAS, it is the desire of the Council to appropriate the sum of$827,899 in federal CMAQ grant funds in the Capital Projects Fund - Traffic Signal Timing System project, and authorize the transfer of existing appropriations totaling $12,950 from the Capital Projects Fund - Traffic Operations Facility project to the Capital Projects Fund - Traffic Signal Timing System project to be used with existing appropriations of$53,000, for additional fiber optic and wireless communications, and additional traffic management equipment subject to City Council adopting Resolution 2004-030. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That there is hereby appropriated for expenditure from unanticipated revenue in the Capital Projects Fund - Traffic Signal Timing System project the sum of EIGHT HUNDRED TWENTY-SEVEN THOUSAND EIGHT HUNDRED NINETY-NINE DOLLARS ($827,899), upon receipt from the Colorado Department of Transportation federal Congestion Mitigation and Air Quality grant funds, to be used for additional fiber optic and wireless communications and additional traffic management equipment. Section 2. That the unexpended appropriated amount of TWELVE THOUSAND NINE HUNDRED FIFTY DOLLARS ($12,950) is hereby authorized for transfer from the Capital Projects Fund - Traffic Operations Facility project to the Capital Projects Fund - Traffic Signal Timing System to be used for additional fiber optic and wireless communications and additional traffic management equipment. Introduced and considered favorable on first reading and ordered published this 16th day of March, A.D. 2004, and to be presented for final passage on the 6th day of April, A.D. 2004. Mayor TTEST: City Clerk Passed and adopted on final reading this 6th day of April, A.D 04. Mayor ATTEST: I City Clerk