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HomeMy WebLinkAbout152 - 11/02/1999 - APPROPRIATING UNANTICIPATED REVENUE IN THE TRANSPORTATION SERVICE FUND FOR INTERSECTION IMPROVEMENTS ORDINANCE NO. 152, 1999 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED REVENUE AND PRIOR YEAR RESERVES IN THE TRANSPORTATION SERVICES FUND AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS FROM THE STREET OVERSIZING FUND TO THE TRANSPORTATION SERVICES FUND FOR THE ANALYSIS AND DETERMINATION OF APPROPRIATE INTERSECTION IMPROVEMENTS AND THE CONSTRUCTION OF IMPROVEMENTS AT THE INTERSECTION OF STATE HIGHWAY 14 AND LEMAY AVENUE 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 then current estimate of actual and anticipated revenues to be received during the fiscal year; and WHEREAS,Article V,Section 9,ofthe Charter,also 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,Article V, Section 10,of the Charter authorizes the City Council to transfer by ordinance any unexpended appropriated amount or portion thereof from one fund or capital project to another fund or capital project, if the purpose for which the transferred funds are to be expended remains unchanged; and WHEREAS, the City of Fort Collins applied for federal Congestion Mitigation and Air Quality(CMAQ)funds to be used for an Alternative Analysis of Intersection Improvements and the construction of those improvements at the intersection of State Highway 14 and Lemay Avenue;and WHEREAS, the aforementioned intersection is experiencing both delay and accident problems which are expected to continue with the proposed Mulberry Lemay Crossing project; and WHEREAS,the Colorado Department of Transportation(CDOT)has made available to the City the sum of One Million Ninety Thousand Dollars ($1,090,000) in CMAQ funds to be used, along with City matching funds, for an analysis of intersection improvements, and for the construction of those improvements,at the intersection of State Highway 14 and Lemay Avenue(the "Project'); and WHEREAS, the estimated cost of the Project is One Million Three Hundred Seventy-Five Thousand Seven Hundred Twenty-One Dollars ($1375,721); and WHEREAS, staff has identified$1.375,721 from various sources to be appropriated for the Project; and WHEREAS,the City Council has adopted Resolution 99-117 authorizing the Mayor to enter into an Intergovernmental Agreement between the City o f Fort Collins and the Colorado Department of Transportation,which shall provide for the analysis and determination of appropriate intersection improvements and the construction of those improvements at the intersection of State Highway 14 and Lemay Avenue at a cost not to exceed $1,375,721, to be funded from $1,090,000 in federal Congestion Mitigation & Air Quality funds and local City matching funds totaling $285,721. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That there is hereby appropriated for expenditure from unanticipated revenue in the Transportation Services Fund, the sum of ONE MILLION NINETY THOUSAND DOLLARS ($1,090,000),in federal Congestion Mitigation&Air Quality funds, upon receipt from the Colorado Department of Transportation, to be used for the analysis and determination of appropriate intersection improvements, and for the construction of those improvements, at the intersection of State Highway 14 and Lemay Avenue, with any funds not expended for said project to be used for other City projects which meet federal criteria for expenditure. Section 2. That the unexpended appropriated amount of TWO HUNDRED FIVE THOUSAND SEVEN HUNDRED TWENTY-ONE DOLLARS($205,721)is hereby authorized for transfer from the Street Oversizing Fund to the Transportation Services Fund and appropriated therein to be used for the analysis and determination of appropriate intersection improvements,and for the construction of those improvements, at the intersection of State Highway 14 and Lemay Avenue. Section 3. That there is appropriated for expenditure from prior year reserves in the Transportation Services Fund the sum of EIGHTY THOUSAND DOLLARS ($80,000) to be used for the analysis and determination of appropriate intersection improvements,and for the construction of those improvements, at the intersection of State Highway 14 and Lemay Avenue. Introduced and considered favorably on first reading and ordered published this 19th day of October,A.D. 1999,and to be presented for final passage on the 2nd day of November, A.D. 1999. TTEST: Mayor -- City Clerk Passed and adopted on final reading this 2nd day of November, A.D. 1999. Mayor ATTEST: City Clerk