HomeMy WebLinkAbout054 - 06/02/2009 - AUTHORIZING THE TRANSFER OF EXISTING APPROPRIATIONS FROM THE DOWNTOWN DEVELOPMENT AUTHORITY FUND TO ORDINANCE NO. 054, 2009
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE TRANSFER OF EXISTING APPROPRIATIONS
FROM THE DOWNTOWN DEVELOPMENT AUTHORITY FUND
TO THE CAPITAL PROJECT FUND FOR THE BUILDING ON BASICS PEDESTRIAN
PLAN PROJECT, LINDEN STREET STREETSCAPE PROJECT, PHASE I
WHEREAS, Linden Street is the link between the Old Town Square and the area known
locally as the "Downtown River District" which includes existing and future residential areas,
cultural and arts venues, commercial and retail centers, and industrial businesses; and
WHEREAS, Linden Street between Walnut Street and Jefferson Street was improved
several years ago and serves as an inviting extension of Old Town Square for driving, walking,
or bicycling; and
WHEREAS, the section of Linden Street north of Jefferson Street/State Highway 14, is
uninviting and hazardous, primarily because of the current levels of automobile and truck traffic
coupled with the lack of continuous sidewalks, bike lanes, and streetscape and landscape
features; and
WHEREAS, in accordance with the vision and goals of the Downtown River District
Project report that was adopted by the City and the Downtown Development Authority (the
"DDA") in 2008, the City and DDA staff set out to find resources to begin implementation of the
proposed improvements in the Downtown River District, including certain pedestrian, bicycle,
roadway and streetscape improvements' along Linden Street that will add attractive and
functional sidewalks, bike lanes, landscaping, street trees, and designated on-street parking areas
(the "Project"); and
WHEREAS, the DDA has agreed to provide the City a contribution of$500,000 for the
Project; and
WHEREAS, the City will provide $250,000 in local matching funds from the Building
on Basics Pedestrian Plan program, which funds are available to cover that portion of the Project
costs that is associated with the addition or improvement of sidewalks within the Project area for
the purpose of eliminating any hazards or obstacles for pedestrians in the area; and
WHEREAS, on March 3, 2009, the City Council adopted Ordinance No. 022, 2009
appropriating a $250,000 grant from the Colorado Department of Transportation for this Project;
and
WHEREAS, the combined funding from CDOT, the City, and the DDA will total
$1,000,000 and is intended to cover the cost of design, engineering, right of way, and
construction for the Project; and
WHEREAS, funds are available for transfer to the Capital Projects Fund from existing
appropriations in the Downtown Development Authority Fund and the Building on Basics
Pedestrian Plan program; and
WHEREAS, Article V, Section 9, of the City Charter 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, Article V, Section 10, of the City Charter authorizes the City Council to
transfer by ordinance any unexpended and unencumbered appropriated amount or portion
thereof from one fund to another fund, provided that the purpose for which the transferred funds
are to be expended remains unchanged.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
FORT COLLINS as follows:
Section 1. That the unexpended and unencumbered appropriated amount of FIVE
HUNDRED THOUSAND DOLLARS ($500,000) is hereby authorized for transfer from the
Downtown Development Authority Fund to the Capital Project Fund for the Building on Basics
Pedestrian Plan Project, Linden Street Streetscape Project, Phase I and appropriated therein.
Section 2. That there is hereby appropriated in the Capital Projects fund for the
Building on Basics Pedestrian Plan Project, Linden Street Streetscape Project, Phase I the sum of
TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000) for matching funds.
Introduced, considered favorably on first reading, and ordered published this 19th day of
May, A.D. 2009, and to be presented for final passage on the ay of June, A.D. 2009.
Mayo
ATTEST:
Chie_ Deputy City Clerk
Passed and adopted on final reading on the 2nd day of June A.D. 2009.
i
May
ATTEST:
J 1n\\\n
_ l
City Clerk