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HomeMy WebLinkAbout028 - 04/06/2010 - APPROPRIATING PRIOR YEAR RESERVES IN THE NATURAL AREAS FUND FOR THE PURPOSE OF PROVIDING NATURAL ARE r ORDINANCE NO. 028, 2010 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING PRIOR YEAR RESERVES IN THE NATURAL AREAS FUND FOR THE PURPOSE OF PROVIDING NATURAL AREAS PROGRAMMING NOT INCLUDED.IN THE 2010 ADOPTED CITY BUDGET WHEREAS, the City is committed to preserving natural areas and providing educational, interpretive and appropriate recreational opportunities to the public; and WHEREAS, Natural Areas programming implements open land conservation priorities identified in the City's Comprehensive Plan by purchasing conservation easement interests in key natural areas,community separators,or other open lands;providing stewardship for lands purchased; and developing trails and interpretive features for public use; and WHEREAS, the Natural Areas program is funded primarily through the collection of Open Space-Yes sales and use tax revenue,revenues from the Larimer County Help Preserve Open Space sales and use tax, proceeds from the issuance of Certificates of Participation in 2004, investment earnings, and other miscellaneous revenues; and WHEREAS,Natural Areas Fund has unspent and unencumbered appropriations from 2009 in the amount of$3,258,839; and WHEREAS, Article V, Section 11 of the City Charter requires that all appropriations unexpended or unencumbered at the end of the fiscal year lapse to the applicable general or special revenue fund, except that appropriations for capital projects and federal or state grants do not lapse until the completion of the capital project or until the expiration of the federal or state grant; and WHEREAS,Article V,Section 9 of the City Charter permits the City Council to appropriate by ordinance at any time during the fiscal year such funds for expenditure as may be available from reserves accumulated in prior years, notwithstanding that such reserves were not previously appropriated; and WHEREAS, City staff recommends appropriating from prior year reserves in the Natural Areas Fund the unexpended and unencumbered appropriations totaling $3,258,839 to be used for acquisition, construction,enhancement and maintenance of trail systems,wildlife habitat and other natural areas to benefit the citizens of the City. r NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS that there is hereby appropriated for expenditure from prior year reserves in the Natural Areas Fund the sum of THREE MILLION TWO HUNDRED FIFTY-EIGHT THOUSAND EIGHT HUNDRED THIRTY-NINE DOLLARS ($3,258,839) to be used for acquisition, construction, enhancement and maintenance of trail systems,wildlife habitat and other natural areas to benefit the citizens of the City. Introduced, considered favorably on first reading, and ordered published this 16th day of March, A.D. 2010, and to be presented for final passage on the ay of April, A.D. 2010. Oe Mayor ATTEST: LL) All*an City ClerkV Passed and adopted on final reading on the 6th day of A D. 2010. w l Mayo ATTEST: -)LULW A City Clerk