HomeMy WebLinkAbout176 - 12/16/2003 - APPROPRIATING PRIOR YEAR RESERVES IN THE TRANSPORTATION SERVICES FUND FOR TRANSFER TO THE NORTH FRON ORDINANCE NO. 176, 2003
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE TRANSPORTATION SERVICES
FUND FOR TRANSFER TO THE NORTH FRONT RANGE TRANSPORTATION
& AIR QUALITY PLANNING COUNCIL FUND FOR THE PURPOSE OF PROVIDING
A LOAN TO THE METROPOLITAN PLANNING ORGANIZATION
WHEREAS, the North Front Range Transportation & Air Quality Planning Council (the
"NFRT&AQPC") is the Metropolitan Planning Organization (MPO) and lead air quality planning
agency for the North Front Range region; and
WHEREAS,the MPO promotes regional transportation and transportation related airquality
planning,and cooperation and coordination among federal,state,and local governments in the North
Front Range area; and
WHEREAS,voting members of the MPO include Fort Collins,Greeley,Loveland,Larimer
County,Weld County,Evans,Timnath,Windsor,Berthoud,LaSalle,Johnstown,Milliken,Garden
City, the State of Colorado Transportation Commission, and the State of Colorado Air Quality
Control Commission; and
WHEREAS,the funds for the administration of the MPO program are federal transportation
program funds appropriated by the federal government and administered by the Colorado
Department of Transportation (CDOT), based on the federal fiscal year of October 1 through
September 30; and
WHEREAS, under the terms of an Intergovernmental Agreement, dated May 17, 2001,
between the City and the MPO,entitled Intergovernmental Agreement for the Provision of Support
Services, the City provides support services to the MPO, including accounting and financial
services, purchasing services, risk management services, budgeting services, human resource
services, and legal services, and accordingly, manages federal grant revenue and matching funds
received on behalf of the MPO; and
WHEREAS, in February 2001, the MPO retained Corona Research, Inc. to analyze and
report on the implications of an independent MPO; and
WHEREAS, the Corona Report (the "Report"), issued in July 2001, identified the MPO's
current relationship with the City of Fort Collins in the area of cash management, whereby the
MPO's accounts receivable and accounts payable flow through the City's accounting system, and
from which the MPO benefits through the use of the City's large cash reserves and funding streams;
and
WHEREAS, the aforementioned benefit derived by the MPO,is clearly in conflict with the
MPO's desire to become a regional government, operating as a joint venture supported by its
members; and
WHEREAS,the Report recommends that the MPO secure a low/no interest line of credit(or
"Float") from a member entity or entities, for a term of three to five years, during which time the
MPO would attempt to secure other long-term, independent, funding streams; and
WHEREAS, in order to address the MPO's cash flow issues in 2003, the City proposes
setting up a loan, not to exceed$1,200, for the MPO; and
WHEREAS, staff has identified prior year reserves in the City's Transportation Services
Fund ($1,200) to be used for the loan to the MPO; and
WHEREAS, under the terms of said loan,the City will transfer only the amounts needed by
the MPO in 2003 to maintain a positive cash flow; and
WHEREAS,reimbursement to the Cityb the MPO may come from a
y y payments to the MPO
from other member entity loans, advances, or MPO grant reimbursements; and
WHEREAS, the City anticipates that the MPO will reimburse the City for the principal
loaned and interest, upon the MPO obtaining the necessary funding sources for the payment of
interest; and
WHEREAS,City Council adopted Resolution 2003-131,on December 2,2003,authorizing
the Mayor to enter into an intergovernmental agreement with North Front Range Transportation &
Air Quality Planning Council, a body politic and corporate (the "MPO"), for the purpose of
providing an interest-bearing loan to the North Front Range Transportation &Air Quality Planning
Council; and
WHEREAS, Article V, Section 9, of the Charter of the City of Fort Collins (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, it is the desire of the Council to appropriate the sum of $1,200 from
Transportation Services Fund prior year reserves for transfer to the North Front Range
Transportation & Air Quality Planning Council Fund, for appropriation therein, as a loan to the
Metropolitan Planning Organization.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated from prior year reserves in the Transportation Services
Fund the sum of ONE THOUSAND TWO HUNDRED DOLLARS ($1,200) for transfer to the
North Front Range Transportation & Air Quality Planning Council Fund and appropriated therein
as an interest-bearing loan, providing the Metropolitan Planning Organization with the necessary
financial support, pending receipt of grant reimbursements, and providing support for the MPO
becoming a regional government, operating as a joint venture supported by its members.
Introduced and considered favorably on first reading and ordered published this 2nd day of
December, A.D. 2003, and to be considered for final passage on the 16th day of December, A.D.
2003.
Mayor
ATTEST:
AFd �l/�s9z_5
Chief Deputy City Clerk
Passed and adopted on final reading this 16th day of December, A.D. 2003.
Mayor
ATTEST:
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City Clerk