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HomeMy WebLinkAbout002 - 01/17/1989 - AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN CAPITAL PROJECTS, APPROPRIATING PRIOR YEAR RESERV ORDINANCE NO. 2 , 1989 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING THE TRANSFER OF APPROPRIATIONS BETWEEN CAPITAL PROJECTS, APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND FOR TRANSFER TO THE CAPITAL PROJECTS FUND AND APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND WHEREAS, Article V, Section 15, of the Charter of the City of Fort Collins authorizes the City Council to appropriate unanticipated revenue at any time during the year in which such revenue is received and to transfer appropriated amounts from one project to another; and Article V, Section 8, of the Charter of the City of Fort Collins authorizes the City Council to provide by ordinance for payment of any expense from prior year reserves at any time such reserves are available; and WHEREAS, the City wishes to consolidate Block 31 monies into one project cost center to fund Block 31 operation and maintenance costs, major building repair, and expenses for professional services; and WHEREAS, funds are currently available in Block 31-Phase II, property acquisition capital project, Block 31 Parking Lot capital project, General Fund reserve for Block 31, and 1989 revenue from Block 31 rents and interest earnings. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS: Section 1 . That the following transfers of existing appropriations be authorized in the Capital Projects fund: From: Block 31 Parking Lot $ 2, 137 To: Block 31 Maintenance & Development $ 2, 137 From: Block 31 Phase II $185,279 To: Block 31 Maintenance & Development $185,279 Section 2. That there is hereby appropriated for transfer from prior year reserves in the General Fund to the Capital Projects Fund and appropriated for expenditure in the Capital Projects Fund for Block 31 Maintenance & Development the sum of ONE HUNDRED THIRTEEN THOUSAND FOUR HUNDRED EIGHTY-ONE DOLLARS ($113,481) . Section 3. That there is hereby appropriated from unanticipated revenue in the Capital Projects Fund the sum of THIRTY THOUSAND DOLLARS ($30,000) for expenditure for Block 31 Maintenance & Development. Introduced, considered favorably on first reading, and ordered published this 3rd day of January, A.D. 1989, and to be resented for final passage on the 17th day of January, A.D. 1989. 0 Mayor AT EST: City Clerk Passed and adopted on final reading this 17th day of January, A.D. , 1989. -Mayor ATTEST: City Clerk