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HomeMy WebLinkAbout161 - 12/02/2003 - APPROPRIATING STORM DRAINAGE FUND PRIOR YEAR RESERVES INTO THE FOSSIL CREEK BASIN CAPITAL PROJECT FO ORDINANCE NO. 161, 2003 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING STORM DRAINAGE FUND PRIOR YEAR RESERVES INTO THE FOSSIL CREEK BASIN CAPITAL PROJECT FOR THE CONSTRUCTION OF STORM WATER IMPROVEMENTS ASSOCIATED WITH THE TIMBERLINE ROAD WATERLINE IMPROVEMENT PROJECT WHEREAS, the Fort Collins-Loveland Water District ("FCLWD") plans to construct a 30-inch diameter water main in Timberline Road from Trilby Road to Carpenter Road, and continuing south to serve the Latimer County Events Center and the expanding facilities in the vicinity of the Fort Collins-Loveland Airport (the "Water Main"); and WHEREAS, City Stormwater staff has identified a need for critical flood control box culverts in the vicinity of the Water Main in order to improve public safety in 100-year flood events (the "Stormwater Improvements"); and WHEREAS, FCLWD and the City have worked to develop a cooperative plan for the construction of the Water Main and the Stormwater Improvements (together referred to as the "Project"), so as to minimize cost and disruption associated with the construction; and WHEREAS, the scope of the project has changed, resulting in a redistribution of costs and a higher share of the project costs being shared by City Utilities; and WHEREAS, all parties are still in agreement that a joint project minimizes construction costs, impact to the public and adjacent natural areas; and WHEREAS, funds to cover the higher share of the project costs are available in the Storm Drainage Fund Prior Year Reserves; and WHEREAS, Article V, Section 9 of the Charter of the City of Fort Collins 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. NOW, THEREFORE BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS that there is hereby appropriated for expenditure from prior year reserves in the Storm Drainage Fund the sum of FOUR HUNDRED TEN THOUSAND DOLLARS ($410,000) into the Fossil Creek Basin Capital Projects and FOUR THOUSAND, ONE HUNDRED DOLLARS for the construction of the storm drainage improvements associated with the Timberline Road Waterline Improvement Project. Introduced, considered favorably on first reading, and ordered published this 18th day of November, A.D. 2003, and to be presented for final passage on the 2 ay of December, A.D. 2003. Mayor ATTEST: &e/ f City ClerkI�l���il, Passed and adopted on final reading this 2nd day of December, A.D. 2003. Mayor ATTEST: 1-U'b . City Clerk l/ ` t?1 eelw�