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HomeMy WebLinkAbout055 - 06/02/2009 - AUTHORIZING THE TRANSFER OF APPROPRIATIONS FROM THE DOWNTOWN DEVELOPMENT AUTHORITY FUND TO THE CAPIT ORDINANCE NO. 055, 2009 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING THE TRANSFER OF APPROPRIATIONS FROM THE DOWNTOWN DEVELOPMENT AUTHORITY FUND TO THE CAPITAL PROJECTS FUND, BUILDING ON BASICS, INTERSECTION IMPROVEMENTS, JEFFERSON STREET/SH14 PROJECT WHEREAS, the Intersection Improvements, Jefferson Street/SH14 project (the "Project") includes an. Alternatives Analysis study for improvements along Jefferson Street/SH14 as well as at the intersection of Jefferson/SH14 and Mountain Avenue to improve air quality and advance the quality and safety of the transportation environment for all modes of travel; and WHEREAS, a wide variety of alternatives will be developed collaboratively with a broad stakeholder group including representatives from the City, Downtown Development Authority (the "DDA"), Downtown Business Association, Colorado Department of Transportation ("CDOT"), North Front Range Metropolitan Planning Organization, local residents and business/property owners, Great Western and Union Pacific railroads, Colorado Motor Carriers Association, utilities, and other community and regional interests; and WHEREAS, these alternatives will be extensively evaluated by the project team and stakeholders using criteria such as capacity to address existing and future traffic volumes; safety, mobility and accessibility for all modes of travel and vehicle sizes; impact to local businesses, on-street parking, and railroad operation; and many other factors based upon input from the project team and stakeholders; and WHEREAS, the DDA has agreed to provide the City a contribution of$500,000 for the Project; and WHEREAS, the City will provide $249,000 in local matching funds for the Project from the Building on Basics Intersection program; and WHEREAS, on March 3, 2009, the City Council adopted Ordinance No. 021, 2009 appropriating a $1,000,000 grant from the Colorado Department of Transportation for this Project; and WHEREAS, the combined funding from CDOT, the City, and the DDA will total $1,749,000 and is intended to cover the cost an Alternative Analysis study for the Project; and WHEREAS, the Alternative Analysis study will provide options such as traditional roadway and intersection designs as well as roundabouts and other innovative context-sensitive design solutions based up local, state, and national best-practices; and WHEREAS, the result of these improvements will be increased safety, improved traffic flow, creation of a more visually attractive and inviting pedestrian environment; 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 Intersection 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 Projects Fund, Building on Basics, Intersection Improvements, Jefferson Street/SH14 project and appropriated therein. Section 2. That there is hereby appropriated in the Capital Projects Fund, Building on Basics, Intersection Improvements, Jefferson Street/SH14 project the sum of TWO HUNDRED FORTY NINE THOUSAND DOLLARS ($249,000) 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 4thed of June, A.D. 2009. ATTEST: Chief Deputy City Clerk Passed and adopted on final reading on the 2nd day of Jun D. 2009. Mayo ATTEST: City.Cleik