Loading...
HomeMy WebLinkAbout157 - 01/16/1990 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND AND AUTHORIZING THE TRANSFER OF APP ORDINANCE NO. 157, 1989 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND AND AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN CAPITAL PROJECTS WHEREAS, Article V, §5 of the Charter of the City of Fort Collins (the "Charter") requires that capital projects be itemized in the budget by individual project; and WHEREAS, the result of such itemization is that each individual capital project in the budget is treated as a separate fund; and WHEREAS, Article V, §15 of the Charter authorizes the City Council to transfer by ordinance any unexpended appropriated amounts or portion thereof from one fund to another upon the recommendation of the City Manager, provided that purpose for the initial expenditure of said funds no longer exists; and WHEREAS, $28,380 in the 1989 budget for the capital project of upgrading the Taft Hill Road/LaPorte Avenue Intersection is no longer needed for that purpose; and WHEREAS, the City Manager has recommended that this amount be transferred to the Redwing Road Bridge over the Larimer County Canal No. 2 capital project as the City's contribution toward the replacement of that bridge; and WHEREAS, Article V, §15 of the Charter also authorizes the City Council to appropriated by ordinance unanticipated revenue received as a result of new revenue sources at anytime during the year; and WHEREAS, the City has been awarded a grant from the Colorado Department of Highways Special Bridge Fund in the amount of $113,520 to replace a structurally deficient bridge on Redwing Road over the Larimer County Canal No. 2. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1 . That the unexpended appropriated amount of TWENTY EIGHT THOUSAND THREE HUNDRED DOLLARS ($28,380) be authorized for transfer from the Taft Hill Road/LaPorte Avenue Intersection capital project to Redwing Road bridge over the Larimer County Canal No. 2 capital project within the Capital Projects Fund. Section 2. That there is hereby appropriated from unanticipated revenue in the Capital Projects Fund the sum of ONE HUNDRED THIRTEEN THOUSAND FIVE HUNDRED AND TWENTY DOLLARS ($113,520) to replace the existing bridge deck on Redwing Road near Drake Road over the Larimer County Canal No. 2. Introduced, considered favorably on first reading, and ordered published this 19th day of December A.D. 1989, and to be presented for final passage on the 16th day of January A.D. 1990. Mayor ATTEST: Z City Clerk Passed and adopted on final reading this 16th day of January A.D. 1990. Mayor ATTEST: City Clerk