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HomeMy WebLinkAbout028 - 03/07/2006 - APPROPRIATING UNANTICIPATED REVENUE IN THE SALES AND USE TAX FUND FROM THE PROCEEDS OF A DEDICATED 0 ORDINANCE NO. 028, 2006 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED REVENUE IN THE SALES AND USE TAX FUND FROM THE PROCEEDS OF A DEDICATED 0.25 SALES AND USE TAX APPROVED BY THE VOTERS FOR TRANSFER TO THE CAPITAL PROJECTS FUND, THE TRANSIT SERVICES FUND, AND THE CULTURAL SERVICES AND FACILITIES FUND TO BE USED ON PROJECTS IDENTIFIED IN THE BUILDING ON BASICS CAPITAL IMPROVEMENTPROGRAM WHEREAS, in 2003, City Council and staff began pursuing a 10-year capital program to provide funding for some of the City's general capital needs,and to replace the Building Community Choices-Community Enhancement Projects program that began in 1998 and was due to expire on December 31, 2005; and WHEREAS, the aforementioned program became known as the Building on Basics 2005 Capital Improvement Program("BOB"); and WHEREAS,with over$550 million in unfunded or partially funded capital needs identified in the City's 10-year Capital Inventory, the goal of BOB was to develop a plan to provide funding for the City's highest priority projects; and WHEREAS,a list ofprojects was developed,including the operation and maintenance needs for those projects, through a series of meetings soliciting public input, input from City boards and commissions, and City Council Work Sessions; and WHEREAS, City Council, on August 16, 2005, adopted Resolution 2005-092, Submitting to the Registered Electors of the City an Ordinance Extending the Existing Twenty-Five Hundredths Percent (0.25%) "Community Enhancement" Capital Projects Sales and Use Tax on all Taxable Items Except Food for a Period of Ten Years for the Purpose of Obtaining Revenue for Certain "Building on Basics"Capital Projects and Related Operation and Maintenance; and WHEREAS, at a municipal election on November 1, 2005, City residents approved the extension, through December 31, 2015, of the 0.25 cent sales and use tax, approved by voters in 1997, for the Building Community Choices-Community Enhancements capital projects,provided that the revenues from the extended 0.25 cent are used to pay for the costs of planning,design,right- of-way acquisition, construction, and at least seven (7) years of operation and maintenance of the following capital projects as part of the BOB program: • Intersection Improvements and Traffic Signals (Including Harmony/College); • Timberline Road - Drake Road to Prospect Road; • Harmony Road - Seneca Street To College Avenue; • Lincoln Center Renovation and Cultural Facilities Plan; • Park Upgrades and Enhancements; • Fort Collins Senior Center Improvements; • Fort Collins Museum/Discovery Science Center Joint Facility; • Fort Collins Bicycle Program Access Implementation; • Pedestrian Plan and Disability Improvements; • North College Avenue Improvements Phase 2 - Vine Drive to Conifer Street; • Transit Fleet Vehicle Replacement; • Library Technology; and • Police Services Computer Aided Dispatch, Records and Jail Management System Replacement Project. WHEREAS, on January 10, 2006, City Council and staff met in a work session to discuss proposals for scheduling of these projects,funded through the proceeds from the BOB program;and WHEREAS, City Council directed staff to proceed with implementing the first two years (2006-2007) of the program that included funding for two high priority projects: Harmony Road - Seneca Street to College Avenue, and the Museum/Discovery Science Center Joint Facility; and WHEREAS, the following appropriations are requested in 2006 for implementation of the first year of the BOB program: • Harmony Road- Seneca Street to College Avenue $ 3,000,000 • Fort Collins Museum/Discovery Science Center Joint Facility 750,000 • Timberline Road - Drake Road to Prospect Road (ROW Acquisition) 400,000 • Transit Fleet Vehicle Replacement 150,000 • Pedestrian Plan and Disability Access Improvements 300,000 • Lincoln Center Cultural Facilities Plan 150,000 • Intersection Improvements and Traffic Signals 275,000 Total $ 5,025,000 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 proceeds from the quarter-cent sales and use tax dedicated to funding capital projects identified in the BOB program, as referenced above,will not cause the total amount appropriated in the relevant funds to exceed the current estimate of actual and anticipated revenues to be received during any fiscal year. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That there is hereby appropriated from unanticipated revenue in the Sales and Use Tax Fund, the sum of FOUR MILLION SEVEN HUNDRED TWENTY-FIVE THOUSAND DOLLARS ($4,725,000) for transfer to the Building on Basics Capital Projects Fund and appropriated therein, as follows: Harmony Road- Senaca Street to College Avenue $ 3,000,000 Fort Collins Museum/Discovery Science Center Joint Facility 750,000 Timberline Road - Drake Road to Prospect Road (ROW Acquisition) 400,000 Pedestrian Plan and Disability Access Improvements 300,000 Intersection Improvements and Traffic Signals 275,000 Total $ 4,725,000 to be used to for the projects as described within the Building on Basics Capital Improvement Program. Section 2. That there is hereby appropriated from unanticipated revenue in the Sales and Use Tax Fund, the sum of ONE HUNDRED FIFTY THOUSAND DOLLARS ($150,000) for transfer to the Transit Services Fund and appropriated therein to be used for the replacement of transit vehicles at the end of their useful lives. Section 3. That there is hereby appropriated from unanticipated revenue in the Sales and Use Tax Fund, the sum of ONE HUNDRED FIFTY THOUSAND DOLLARS ($150,000) for transfer to the Cultural Services and Facilities Fund and appropriated therein to be used for a cultural facilities plan to guide the development of future cultural facilities, such as a new performing arts center or downtown amphitheater. Introduced, considered favorably on first reading, and ordered published this 21st day of February, A.D. 2006, and to be presented for final passage o e 7th day of March, A . 2006. May ATTEST': OU City Clerk Passed and adopted on final reading on the 7th day of March, A.D. 2006. G / May ATTEST: City Clerk