HomeMy WebLinkAbout012 - 02/05/2002 - APPROPRIATING UNANTICIPATED GRANT REVENUE IN THE CAPITAL PROJECTS FUND TRAFFIC SIGNAL TIMING SYSTEM ORDINANCE NO. 012, 2002
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 INSTALLATION OF THE FIBER OPTIC
COMMUNICATION SYSTEM FOR THE NEW TRAFFIC SIGNAL SYSTEM
WHEREAS, the City has been operating the existing traffic signal system since 1979; and
WHEREAS, the City's existing traffic signal system is outdated and declining in
performance and usefulness, resulting in inadequate communications between twenty to thirty
percent of signalized intersections on any given day, and frequent equipment failures; and
WHEREAS,upgrading the existing system is not feasible due to reliance on proprietary parts
and financial instability of the vendor; and
WHEREAS,the City has proposed replacing the existing traffic signal system with a modern
traffic management system, including acquisition and installation of a fiber optic communication
network(the "Project"); and
WHEREAS,the cost of the Project is estimated at $5,000,000; and
WHEREAS, City Council approved an appropriation of $1,000,000 in the Capital Projects
Fund for 2000 through the adoption of Ordinance No. 174, 1999, on November 16, 1999, and
$4,000,000 in 2001 through the adoption of Ordinance No. 28, 2001; and
WHEREAS, on October 5, 2000, Traffic Operations was awarded the Federal Intelligent
Transportation System Grant,in the amount of$992,018 which will be used to reimburse the project
and free up previously appropriated funds for the remainder of the project; and
WHEREAS, the grant is a 50150 matching grant, with a local match of$992,018; and
WHEREAS, the City's match will come from previously appropriated funds in the Traffic
Signal Timing System capital project; and
WHEREAS, the City Council adopted Resolution 2002-008, on January 15, 2002,
authorizing the City to enter into an intergovernmental agreement with the Colorado Department of
Transportation for the receipt of Federal Highway Administration Federal Intelligent Transportation
Grant funds to be used to install a portion of the fiber optic communication system for the new
traffic signal system; 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, do not exceed the then 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 Intelligent
System Grant funds as described herein will not cause the total amount appropriated in the relevant
funds 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$992,018 in Federal
Highway Administration,Federal Intelligent System Grant funds in the Capital Projects Fund to be
used to install a portion of the fiber optic communication system for the new traffic signal system.
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, Traffic Signal Timing System project the sum of NINE HUNDRED
NINETY-TWO THOUSAND EIGHTEEN DOLLARS ($992,018)from the Colorado Department
of Transportation,to be used to install a portion of the fiber optic communication system for the new
traffic signal system.
Introduced and considered favorable on first reading and ordered published this 15th day of
January, A.D. 2002, and to be presented for final passage on the 5th day of February, A.D. 2002.
r
o..
Mayor
A(\T`TT�IE,�ST::1
JA` m l`n�\Q�
City Clerk
Passed and adopted on final reading this 5th day of February, 'A D. 2002.
Mayor
ATTEST:
City Clerk