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HomeMy WebLinkAbout099 - 09/18/2007 - APPROPRIATING UNANTICIPATED GRANT REVENUE IN THE GENERAL FUND FOR THE LANDMARK REHABILITATION LOAN P ORDINANCE NO. 099, 2007 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED GRANT REVENUE IN THE GENERAL FUND FOR THE LANDMARK REHABILITATION LOAN PROGRAM WHEREAS,the City of Fort Collins has been awarded a grant in the amount of$24,000(the "Grant") from the Colorado Historical Society for the rehabilitation of historic commercial properties; and WHEREAS, the City's Landmark Rehabilitation Loan Program provides funds for the rehabilitation of local historic landmarks and a portion of these funds is typically spent on commercial properties; and WHEREAS,property owners who are awarded Loan Program funds are required to provide at least 50% in matching funds; and WHEREAS, Article V, Section 9, of the Charter of the City of Fort Collins 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 current estimate of actual and anticipated revenues to be received during the fiscal year; and WHEREAS,City staffhave determined that the appropriation of the Grant from the Colorado Historical Society as described herein will not cause the total amount appropriated in the General Fund to exceed the current estimate of actual and anticipated revenues to be received in that fund during any fiscal year. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS that there is hereby appropriated from unanticipated grant revenue in the General Fund the sum of TWENTY-FOUR THOUSAND DOLLARS ($24,000) for expenditure in the General Fund for the rehabilitation of historic commercial properties. Introduced, considered favorably on first reading, and ordered published this 4th day of September, A.D. 2007, and to be presented for final passage on the 18th day of September, A.D. 2007. i Mayor ATTEST: City Clerk Passed and adopted on final reading on the 18th day of tember, A.D. 2007. i Mayo ' ATTEST: City Clerk