HomeMy WebLinkAbout117 - 12/07/2010 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND FOR THE FORT COLLINS MUSEUM/DISCOVE ORDINANCE NO. 117, 2010
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE
CAPITAL PROJECTS FUND FOR THE FORT COLLINS MUSEUM/DISCOVERY
SCIENCE CENTER JOINT FACILITY PROJECT
WHEREAS, on November 1, 2005, Fort Collins voters passed Ordinance No. 092, 2005,
approving the "Building on Basics" ("BOB") tax for certain capital projects; and
WHEREAS, included in the BOB capital projects is $6,000,000 for construction of a new
combined-use facility in the Fort Collins downtown area for the Fort Collins Museum and the
Discovery Science Center; and
WHEREAS, this facility will be jointly owned, managed, and funded by the City and
Discovery Science Center and will expand the educational experience of city residents by providing
a broader array of scientific,cultural and historical exhibits in a single location,and will also provide
an exciting new City amenity; and
WHEREAS, the Fort Collins Museum and Discovery Science Center formed a partnership
that resulted in an agreement dated March 11, 2008, and
WHEREAS, in this agreement, the Discovery Center, a Colorado Non-profit Corporation,
d/b/a Discovery Science Center(the "NPC") is required to provide $2,500,000 towards the design
and construction of the Fort Collins Museum and Discovery Science Center Joint Facility; and
WHEREAS, in the Board of Directors meeting on October 28, 2010, the NPC agreed to
provide$4,561,916 for the design and construction of the new Fort Collins Museum and Discovery
Science Center Joint Facility; 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, City staff have determined that the appropriation of the revenue as described
herein will not cause the total amount appropriated in the Capital Projects 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 for expenditure from unanticipated revenue in the
Capital Projects Fund the sum of FOUR MILLION FIVE HUNDRED SIXTY-ONE THOUSAND
NINE.HUNDRED SIXTEEN DOLLARS ($4,561,916)to be used for the Building on Basics-Fort
Collins Museum/Discovery Science Center Joint Facility Project.
Introduced, considered favorably on first reading, and ordered published this 16th day of
November,A.D.2010,and to be presented for final passage on th ay of December,A.D. 10.
Mayor
ATTEST:
Chief Deputy City Clerk
Passed and adopted on final reading on the 7th day of De ber, A.D. 2010.
Mayor
ATTEST:
_City Clerk