HomeMy WebLinkAbout003 - 01/17/2012 - APPROPRIATING PRIOR YEAR RESERVES IN THE TRANSPORTATION SERVICES FUND FOR THE CONSTRUCTION OF THE EA ORDINANCE NO. 003, 2012
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE TRANSPORTATION SERVICES
FUND FOR THE CONSTRUCTION OF THE EAST HARMONY ROAD MAINTENANCE
IMPROVEMENTS - COLLEGE AVENUE TO TIMBERLINE ROAD
WHEREAS, in 2006, the City received funding from the Colorado Department of
Transportation (CDOT) to maintain Harmony Road for 20 years and to complete a list of capital
improvements along the corridor; and
WHEREAS, with the 2011-2012 budget process, the City Council approved offer number
146.6 appropriating funds in 2011 for pavement maintenance on Harmony Road from College
Avenue to Timberline Road (the "Project'); and
WHEREAS, the Project includes the following major work items: turn lane construction,
utility relocations, and asphalt overlay and re-striping; and
WHEREAS,benefits of the Project include the easing of traffic congestion,improved signal
timing, and reduced vehicle delays along the corridor; and
WHEREAS,City staff has been working on the final design and the Project will be ready to
bid in the spring of 2012; and
WHEREAS, the funds appropriated in the 2011 budget will lapse into the Transportation
Services Fund reserves at the end of 2011; and
WHEREAS, City staff is requesting the reappropriation of$2.4 million to complete the
Project in 2012; 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 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 has 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 prior year reserves in the
Transportation Services Fund the sum of TWO MILLION ONE HUNDRED EIGHTY-TWO
THOUSAND TWO HUNDRED EIGHTY-SEVEN DOLLARS ($2,182,287) for the construction
of the East Harmony Road Maintenance Improvements - College Avenue to Timberline Road..
Introduced, considered favorably on first reading, and ordered published this 3rd day of
January, A.D. 2012, and to be presented for final passage on the 17th day of January, A.D. 2012.
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Passed and adopted on final reading on the 17th day of January, A.D. 2012.
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