HomeMy WebLinkAbout044 - 04/20/1999 - APPROPRIATING PRIOR YEAR RESERVES IN THE STREET OVERSIZING FUND AND TRANSFERRING APPROPRIATIONS TO T ORDINANCE NO. 44, l 999
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES AND UNANTICIPATED REVENUE
IN THE STREET OVERSIZING FUND AND AUTHORIZING THE TRANSFER OF
APPROPRIATIONS FROM THE STREET OVERSIZING FUND TO THE CAPITAL
PROJECTS FUND FOR THE SOUTH TIMBERLINE ROAD IMPROVEMENT PROJECT
WHEREAS, a section of Timberline Road from Battle Creek Drive south to the city limits
at the Mail Creek Ditch has a declining level of service for traffic, with severe traffic delays and
congestion projected, beyond 1999, if improvements are not constructed; and
WHEREAS, City staff has been working on the design plans for improvements to the
aforementioned section of Timberline Road(the"Project")including reconstruction of the roadway,
curb, gutter, sidewalks, bike lanes, and installation of new sixteen-inch (16") water mains for the
City and the Fort Collins/Loveland Water District; and
WHEREAS, the estimated cost of the Project is $1,1 19,718, and funds are available in the
form of existing appropriations ($863,747), prior year reserves in the Street Oversizing Fund,
consisting of contributions from developers in the vicinity of the Project ($127,536), and a
contribution from the Fort Collins/Loveland Water District for their share of the improvements
($128,435); and
WHEREAS, upon completion of the bid process, the Project would begin in the Spring of
1999, with final completion and landscaping scheduled for Fall of 1999; and
WHEREAS, Article V, Section 9, of the Charter of the City of Fort Collins (the "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, Article V, Section 9, also 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 conjunction with all previous appropriations for that fiscal year,do
not exceed the current estimate of actual and anticipated revenues to be received during the fiscal
year; and
WHEREAS,Article V, Section 10,of the Charter 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 transferred funds
are to be expended remains unchanged; and
WHEREAS, it is the desire of the City Council to appropriate $127,536 from prior year
reserves in the Street Oversizing Fund and authorize the transfer of said amount,along with existing
appropriations totaling $836,747 from the Street Oversizing Fund,to the Capital Projects Fund,and
to appropriate $128,435 in unanticipated revenue in the Capital Projects Fund, representing a
contribution from the Fort Collins/Loveland Water District, to be used to construct improvements
along Timberline Road from Battle Creek Drive to the Mail Creek Ditch.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That there is hereby appropriated from prior year reserves in the Street Oversizing
Fund for transfer to the Capital Projects Fund, Timberline Road Improvement Project and
appropriated therein the sum of ONE HUNDRED TWENTY-SEVEN THOUSAND FIVE
HUNDRED THIRTY-SIX DOLLARS ($127,536) to be used to construct improvements along
Timberline Road from Battle Creek Drive south to the Mail Creek Ditch.
Section 2. That the unexpended appropriated amount of EIGHT HUNDRED SIXTY-
THREE THOUSAND SEVEN HUNDRED FORTY-SEVEN DOLLARS ($863,747) is hereby
authorized for transfer from the Street Oversizing Fund to the Capital Projects Fund, Timberline
Road Improvement Project and appropriated therein to be used to construct improvements along
Timberline Road from Battle Creek Drive south to the Mail Creek Ditch.
Section 3. That there is hereby appropriated for expenditure from unanticipated revenue in
the Capital Project Fund, Timberline Road Improvement Project, the sum of ONE HUNDRED
TWENTY-EIGHT THOUSAND FOUR HUNDRED THIRTY-FIVE DOLLARS ($128,435),
representing a contribution from the Fort Collins/Loveland Water District, to be used to construct
improvements along Timberline Road from Battle Creek Drive south to the Mail Creek Ditch.
Introduced and considered favorably on first reading and ordered published this.16t1 day of
March, A.D. 1999, and to be presented for final passage on the 20th day of April, A.D. �9.
Mayor
A TEST:
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City Clerk
Passed and adopted on final reading this 20th day of April, A.D. 1999.
Mavor -
A TEST:
City Clerk