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HomeMy WebLinkAbout026 - 03/07/2006 - APPROPRIATING PRIOR YEAR RESERVES IN THE NATURAL AREAS FUND FOR THE PURPOSE OF PROVIDING NATURAL ARE ORDINANCE NO. 026, 2006 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING PRIOR YEAR RESERVES IN THE NATURAL AREAS FUND FOR THE PURPOSE OF PROVIDING NATURAL AREAS PROGRAMMING NOT INCLUDED IN THE 2006 ADOPTED CITY BUDGET WHEREAS,the City is committed to conserving natural areas in a manner that protects their integrity,while providing educational,interpretive and appropriate recreational opportunities to the public; and WHEREAS, Natural Areas programming implements open land conservation priorities identified in the City's Comprehensive Plan by purchasing fee simple or conservation easement interests in key natural areas,community separators,or other open lands;providing stewardship for lands purchased; and developing trails and interpretive features for public use; and WHEREAS,the City's Natural Areas program is funded primarily through the collection of Open Space-YES sales and use tax revenue,revenues from the Larimer County Help Preserve Open Spaces Initiative, proceeds from the issuance of Certificates of Participation in 2004, fees from royalties, investment earnings, and other miscellaneous revenues received; and WHEREAS, Natural Areas Fund appropriations totaled $24,010,188 in 2005 and expenditures/encumbrances totaled$16,435,827,which left a balance of unspent and unencumbered appropriations totaling$7,574,361; and WHEREAS, Article V, Section 11, of the Charter of the City of Fort Collins ("Charter") requires that all appropriations unexpended or unencumbered at the end of the fiscal year shall lapse to the applicable general or special revenue fund,except that appropriations for capital projects and federal or state grants shall not lapse until the completion of the capital project or until the expiration of the federal or state grant; and WHEREAS, actual 2005 revenues collected in the Natural Areas Fund, totaling$339,820 and which were not appropriated in 2005, are in prior year reserves of the Natural Areas Fund as of December 31, 2005; and WHEREAS, Article V, Section 9,of the Charter 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; and WHEREAS, City staff recommends appropriating from prior year reserves in the Natural Areas Fund the aforementioned unexpended and unencumbered appropriations totaling$7,574,361, and the unappropriated revenues received in 2005 totaling $339,820, to be used for acquisition, construction,enhancement and maintenance of trail systems,wildlife habitat and other natural areas to benefit the citizens of the City; and WHEREAS, it is the desire of the Council to appropriate the aforementioned total of $7,914,181 from prior year reserves and unspent and unencumbered appropriations in the Natural Areas Fund to be used for acquisition,construction,enhancement and maintenance of trail systems, wildlife habitat and other natural areas to benefit the citizens of the city. 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 Natural Areas Fund the sum of SEVEN MILLION NINE HUNDRED FOURTEEN THOUSAND ONE HUNDRED EIGHTY-ONE DOLLARS ($7,914,181) to be used for acquisition, construction, enhancement and maintenance of trail systems,wildlife habitat and other natural areas to benefit the citizens of the city. Introduced and considered favorablyon first reading and ordered published this 21 st day of g P Y February, A.D. 2006, and to be presented for final passage o the 7th day of March,A.D. 2006. Mayor , ATTEST: Ntt�Ma City Clerk Passed and adopted on final reading this 7th day of March, A.D. 2006. 4 MaY06/ ATTEST: o City Clerk