HomeMy WebLinkAbout137 - 10/16/1984 - AUTHORIZING THE MAYOR TO ENTER INTO AN INTERGOVERNMENTAL AGREEMENT WITH THE LARIMER COUNTY FOR THE C ORDINANCE NO. 137, 1984
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE MAYOR TO ENTER INTO AN INTERGOVERNMENTAL
AGREEMENT WITH LARIMER COUNTY FOR THE CONSTRUCTION
OF A BRIDGE AT THE POUDRE RIVER
WHEREAS, the Prospect Street bridge at the Poudre River in Larimer
County has suffered damage; and
WHEREAS, the County has received an offer from the State of Colorado
to contribute for the repair of the Prospect Street Bridge; and
WHEREAS, the City of Fort Collins would obtain substantial benefit
from the widening of the Prospect Street bridge from two lanes to four
lanes; and
WHEREAS, the City of Fort Collins is willing to pledge the sum of Five
Hundred Thousand Dollars ($500,000) , with possible increase to Seven
Hundred Thousand Dollars ($700,000) for payment to Larimer County for
construction of a four lane bridge on Prospect Street at the Poudre River.
NOW, THEREFORE, be it ordained by the Council of the City of Fort
Collins:
Section 1. The City of Fort Collins hereby approves an Intergovern-
mental Agreement to be entered into between Larimer County and the City of
Fort Collins according to the terms thereof . Said Intergovernmental
Agreement is identified hereto as Exhibit "A" and is incorporated herein
by this reference.
Section 2. Pursuant to the terms of the Intergovernmental Agreement
the City' s obligation to the County is a borrowing constituting a Revenue
Security pursuant to the Charter of the City of Fort Collins-Article V,
Section 20.3.
Section 3. This Ordinance shall be irrepealable until the indebted-
ness herein provided for, is set forth in the Intergovernmental Agreement ,
shall have been duly paid, satisfied, and discharged. However, the City
may, without the consent of Larimer County adopt any amendments or supple-
mental ordinances hereto which are enacted to correct or supplement
any defect or inconsistent provision contained in this Ordinance or to make
any provision with respect to matters rising under this Ordinance or for
any other purpose if such provisions are necessarily or desirable to carry
out the effect of the Intergovernmental Agreement.
Introduced, considered favorably on first reading, and ordered pub-
lished this 2nd day of October, A.D. 1984, and to be presented for final
passage on the 16th day of October , A.D. 1984.
Assistant May r
mAT�TEEjS�T::
e I
City C1e
Passed and adopted on final reading this 16th day of October ,
A.D. 1984. QQ.�JC /
Mayor 61
ATTEST:
City Clerk
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