HomeMy WebLinkAbout138 - 09/21/2004 - APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND FOR TRANSFER TO THE CAPITAL PROJECTS FUND-TIMB ORDINANCE NO. 138, 2004
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND
FOR TRANSFER TO THE CAPITAL PROJECTS FUND -
TIMBERLINE ROAD IMPROVEMENTS PROJECT TO BE USED FOR THE ENGINEERING
DESIGN OF TIMBERLINE ROAD FROM PROSPECT ROAD TO DRAKE ROAD
WHEREAS,a section of Timberline Road from Prospect Road to Drake Road is well below
the City's level of service requirements, with almost all legs and turn movements failing during the
morning and afternoon peak rush hours; and
WHEREAS,improvements for the aforementioned section of Timberline Road are not a part
of any of the City's current capital improvement programs,and funding for these improvements has
not yet been identified; and
WHEREAS,the developers(the James Company and the Cumberland Group)of two parcels
within a one-mile radius of the Timberline Road and Prospect Road Intersection proposed privately
funding the interim improvements necessary to meet the minimum levels of services at the
Timberline Road and Prospect Intersection; and
WHEREAS,on November 4,2003,City Council accepted a petition on behalf of the James
Company and the Cumberland Group, with regard to the construction of certain interim
improvements along the section of Timberline Road,to create a special improvement district("SID")
as a mechanism for repaying the cost of the interim improvements through assessments levied by
the City against benefitted properties in the SID; and
WHEREAS, the City received a total of $100,000 from the James Company and the
Cumberland Group, which City Council appropriated by adopting Ordinance No. 026, 2004 on
March 2,2004,and such appropriated funds were to be used to prepare plans,estimate of costs,and
maps of the proposed SID in order to complete the engineering design of interim improvements
along Timberline Road; and
WHEREAS, at this same meeting, City Council is considering adoption of Ordinance No.
132,2004 on second reading,which Ordinance would authorize the transfer of appropriations from
the City's Street Oversizing Fund to the Capital Projects Fund - Timberline Road Improvements
project, to be used to complete the street oversizing portion of the design, the geotechnical reports
and environmental studies associated with the Timberline Road Improvements project; and
WHEREAS,City staff is recommending that the contract for design of interim improvements
associated with the Timberline Road Improvements project be amended to include the full and
complete four-lane widening project of Timberline Road from Prospect Road to Drake Road, in
anticipation of potential project funding through the Building on Basics ("BOB") ballot measure,
scheduled for April 2005; and
WHEREAS, the additional cost of the full and complete 4-lane design of Timberline Road
from Prospect Road to Drake Road is $200,000; and
WHEREAS, staff recommends using General Fund prior year reserves to fund the
aforementioned additional design cost; and
WHEREAS, Article V, Section 9, of the Charter of the City of Fort Collins ("Charter")
permits the City Council to appropriate by ordinance at any time during the fiscal year such funds
for expenditure as may be available from reserves accumulated in prior years, notwithstanding that
such reserves were not previously appropriated; and
WHEREAS,it is the desire of the Council to appropriate the sum of$200,000 from prior year
reserves in the General Fund for transfer to the Capital Project Fund - Timberline Road
Improvements Project to be used with existing appropriations for the full and complete 4-lane
design of Timberline Road from Prospect Road to Drake Road.
NOW,THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated from prior year reserves in the General Fund, the sum
of TWO HUNDRED THOUSAND DOLLARS($200,000),for transfer to the Capital Projects Fund
- Timberline Road Improvements Project, and appropriated therein, to be used for the full and
complete four-lane design of Timberline Road from Prospect Road to Drake Road.
Introduced and considered favorably on first reading and ordered published this 7th day of
September, A.D. 2004, and to be presented for final passage on the 21st day of September, A.D.
2004.
ayor
ATTEST:
City Clerk
Passed and adopted on final reading this 21st day of September, . 2004.
Mayor
ATTEST:
City Clerk