HomeMy WebLinkAbout080 - 08/16/2005 - APPROPRIATING UNANTICIPATED REVENUE IN THE TRANSPORTATION SERVICES FUND TO BE USED TO CONDUCT THE DO ORDINANCE NO. 080, 2005
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE TRANSPORTATION SERVICES
FUND TO BE USED TO CONDUCT THE DOWNTOWN RIVER DISTRICT
IMPROVEMENT PROJECT
WHEREAS, the City's departments of Transportation Planning, Engineering, Advance
Planning,Natural Resources and Utility Services are partnering with the Downtown Development
Authority("DDA")to conduct a Downtown River District Improvement Project(the"Project");and
WHEREAS, the purpose of the Project is to address the lack of sufficient public
infrastructure to support infill development and redevelopment in the Downtown River Corridor
area; and
WHEREAS, the first phase of the Project will include detailed design/preliminary
engineering and cost estimating of needed transportation and utility improvements for the area
including Jefferson Street, Willow Street, Lincoln Avenue, and Linden Street; and
WHEREAS, the transportation and utility improvements that may result from this Project
fit within the visions and goals as set forth by City Plan and the Downtown River Corridor
Implementation Program; and
WHEREAS, the City and the DDA have entered into an intergovernmental agreement,
whereby the DDA has agreed to provide the City with$200,000 to conduct the Project,and the City
has agreed to provide in-kind contributions, of up to $100,000, in the form of staff time and
available departmental resources; and
WHEREAS, Article V, Section 9, of the Charter of the City of Fort Collins (the"Charter")
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 the payment from the DDA
as referenced above will not cause the total amount appropriated in the Transportation Services Fund
- Downtown River District Improvement project 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 City Council to appropriate the sum of$200,000 in the
Transportation Services Fund, representing payment from the DDA for their share of costs
associated with the Downtown River District Improvement Project.
NOW,THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated from unanticipated revenue in the Transportation
Services Fund - Downtown River District Improvement project, the sum of TWO HUNDRED
THOUSAND DOLLARS ($200,000),representing the Downtown Development Authority's share
of costs associated with the Downtown River District Improvement Project.
Introduced,considered favorably on first reading,and ordered published this 19th day of July,
A.D. 2005, and to be presented for final passage on the 16th d of August, A.D. 2005.
May
ATTEST:
OWL
City Clerk
Passed and adopted on final reading this 16th day of August, A.D. 2005.
Mayo
ATTEST:
/City Clerk