HomeMy WebLinkAbout028 - 03/15/2005 - APPROPRIATING UNANTICIPATED REVENUE IN THE STORM DRAINAGE FUND FOR PROJECTS TO REDUCE PEAK FLOWS IN ORDINANCE NO. 028, 2005
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE
IN THE STORM DRAINAGE FUND FOR PROJECTS TO REDUCE
PEAK FLOWS IN THE SPRING CREEK BASIN
WHEREAS, the City of Fort Collins has been awarded a grant by the State of Colorado
Division of Emergency Management ("CDEM") in the amount of$2,697,188; and
WHEREAS, the grant is made available from the CDEM through an agreement with the
Federal Emergency Management Agency for pre-disaster mitigation; and
WHEREAS, the Grant was awarded to the City for the construction of several stormwater
projects to reduce peak flows in the Spring Creek Basin; and
WHEREAS, the grant proceeds will be used to expand the Taft Hill, Rolland Moore, and
Southern Railroad Detention Ponds,and to stabilize the Burlington Northern Railroad embankment;
and
WHEREAS,the local matching funds needed,totaling$899,063, have been identified,and
are appropriated and available in the Spring Creek Basin capital project budget in the Storm
Drainage Fund; 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 grant funds from CDEM
for projects to reduce peak flows in the Spring Creek Basin will not cause the total amount
appropriated in the relevant funds to exceed the current estimate of actual and anticipated revenues
to be received in that fund during any fiscal year
WHEREAS,it is the desire of the Council to appropriate$2,697,188 in CDEM grant funds
in the Storm Drainage Fund.
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 Storm
Drainage Fund the sum of TWO MILLION SIX HUNDRED NINETY-SEVEN THOUSAND ONE
HUNDRED EIGHTY-EIGHT DOLLARS for projects to reduce peak flows in the Spring Creek
Basin.
Introduced, considered favorably on first reading and ordered published this 1st day of
March, A.D. 2005 and to be presented for final passage on the 15th day of lv'Jarch, A.D. 2005.
Mayor
ATTEST:
0
City Clerk
Passed and adopted on final reading this 15th day of March52005.
Mayor
ATTEST:
City Clerk