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HomeMy WebLinkAbout012 - 02/15/2005 - APPROPRIATING UNANTICIPATED REVENUE IN THE BUILDING COMMUNITY CHOICES CAPITAL PROJECTS FUND-MASON CO ORDINANCE NO. 012, 2005 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED REVENUE IN THE BUILDING COMMUNITY CHOICES CAPITAL PROJECTS FUND - MASON TRANSPORTATION CORRIDOR TRAIL DESIGN - SPRING CREEK TRAIL NORTH PROJECT FOR DESIGN OF THE MASON TRANSPORTATION CORRIDOR TRAIL NORTH FROM THE SPRING CREEK TRAIL AND CONNECTING WITH THE COLORADO STATE UNIVERSITY CAMPUS WHEREAS, on April 8, 1997, the voters of the City approved Ordinance No. 30, 1997, authorizing the imposition of a quarter cent sales and use tax for the purpose of generating revenues to construct certain transportation projects described in the Building Community Choices("BCC") capital improvement program; and WHEREAS, one such project approved for funding by the voters was the Mason Transportation Corridor project, Phases 1 and 2; and WHEREAS, included within the scope of the Mason Transportation Corridor ("MTC") project is the construction of a bicycle/pedestrian trail(approximately 3.5 miles)along Mason Street from the Spring Creek Trail south to the Fossil Creek Trail,offering a convenient north/south route for cyclists and pedestrians along the Burlington Northern Santa Fe railroad corridor,and including signalized street crossings at Harmony, Horsetooth, and Drake Roads; and WHEREAS, the Colorado Department of Transportation ("CDOT") has awarded the City a Surface Transportation-Urban ("STU")grant, totaling$251,585,to assist in funding the design of the MTC trail project north from Spring Creek Trail to connect with the Colorado State University campus, contingent upon the City providing local matching funds in the amount of$61,415; and WHEREAS, the City Council adopted Resolution 2005-005, on February 1, 2005, authorizing the City to enter into an intergovernmental agreement with the Colorado Department of Transportation for the receipt of STU funds to be used for the design of the MTC trail project north from Spring Creek Trail to connect with the Colorado State University campus; and WHEREAS, the extension of the MTC trail northward from the Spring Creek Trail and connecting with the Colorado State University campus is consistent with the adopted Master Plan for the MTC project; and WHEREAS, the City will pursue funding options including federal, state,and local sources, as well as public-private partnerships, to construct the aforementioned segment of the MTC trail project; 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 proceeds from the Great Outdoors Colorado grant as described herein will not cause the total amount appropriated in the Capital Projects Fund - Mason Transportation Corridor project to exceed the current estimate of actual and anticipated revenues to be received during the fiscal year; and WHEREAS, it is the desire of the Council to appropriate the sum of$251,585 from CDOT STU funds to be used for the design of the MTC trail project north from Spring Creek Trail to connect with the Colorado State University campus. 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 Building Community Choices Capital Projects Fund-Mason Transportation Corridor Trail Design- Spring Creek Trail North capital project, the sum of TWO HUNDRED FIFTY-ONE THOUSAND FIVE HUNDRED EIGHTY-FIVE DOLLARS ($251,585) from Colorado Department of Transportation, Surface Transportation-Urban grant proceeds to be used for the design of the MTC trail project north from Spring Creek Trail to connect with the Colorado State University campus. Introduced, considered favorably on first reading, and ordered published this 1st day of February, A.D. 2005, and to be presented for final passage on the 15th d f February,A.D. 2005. Mayor ATTEST: City Clerk Passed and adopted on final reading this 15th day of February, A.D. 2005. Mayor ATTEST: City Clerk