HomeMy WebLinkAbout090 - 09/15/2009 - AUTHORIZING THE TRANSFER OF EXISTING APPROPRIATIONS BETWEEN CAPITAL PROJECTS FOR THE NORTH COLLEGE I ORDINANCE NO. 090, 2009
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE TRANSFER OF EXISTING APPROPRIATIONS
BETWEEN CAPITAL PROJECTS FOR THE NORTH COLLEGE
IMPROVEMENTS PROJECT
WHEREAS, in 2005, Fort Collins voters approved Ordinance No. 092, 2005 (the
"Ordinance) establishing a one-quarter cent sales tax to fund capital projects as part of a program
known as 'Building on Basics" ("BOB"); and
WHEREAS, one of the projects to be funded by BOB is the '*North College Avenue
Improvements Phase II - Vine Drive to Conifer" project (the "Project")and
WHEREAS, the Ordinance states that the design, scheduling and amount of tax revenue to
be set aside for the construction and operation and maintenance of the BOB projects are to be
determined by the City Council; and
WHEREAS,the Council has determined the design and scheduling of the Project by adoption
of Resolution 2009-082; and
WHEREAS,the current estimated cost to build the entire Project is approximately$12 to$15
million depending on the level of improvements; and
WHEREAS, the City has currently identified approximately$6.2 million in funding for the
Project from the following sources: BOB ($4.8 million), Colorado Department of Transportation
($885,000), and the North Front Range Metropolitan Planning Organization("MPO")($600,000);
and
WHEREAS,of this$6.2 million, $5.6 million has already been appropriated for the Project
by the City Council, and City staff anticipates presenting an ordinance appropriating the additional
$600,000 for Council's consideration as soon as arrangements for that additional funding have been
finalized with the MPO; and
WHEREAS,the Project is planned to be completed in phases as additional funding becomes
available; and
WHEREAS, City staff is requesting the transfer of additional funds for the Project in the
amount of$1,830,944 from the SH14 Truck Route Phase II (the "Truck Route") project; and
WHEREAS, in November, 2006, the voters of the City considered and approved a ballot
measure initiated by the City Council that authorized the.use of such funds to either pursue the
relocation of the Truck Route or to fund other transportation capital improvements in the northeast
quadrant of the City (the "Ballot Measure"); and
WHEREAS, using the Truck Route funds for the Project as authorized by the voters would
facilitate the eventual construction of the entire Project and would provide safety benefits on North
College for all modes of transportation; 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 project to another project, 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 City Council hereby finds and determines that the Project is located
within the northeast quadrant of the City within the meaning and intent of the Ballot Measure.
Section 2. That the unexpended and unencumbered appropriated amount of ONE
MILLION EIGHT HUNDRED THIRTY THOUSAND NINE HUNDRED FORTY-FOUR
DOLLARS ($1,830,944) is hereby authorized.for transfer from the SH14 Truck Route Phase II
capital project to the North College Avenue Improvements capital project and appropriated therein
for Phase II - Vine Drive to Conifer Street improvements.
Introduced, considered favorably on first reading, and ordered published this I st day of
September, A.D. 2009, and to be presented for final passage on the 15th day of September, A.D.
2009.
Mayor
- ;ATTEST:
City Clerk
Passed and adopted on final reading on the 15th day of September, A.D. 2009.
Ma or
`ATTEST:
City Clerk