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HomeMy WebLinkAbout120 - 11/20/2012 - APPROPRIATING UNANTICIPATED GRANT REVENUE FROM GREAT OUTDOORS COLORADO IN THE CONSERVATION TRUST FUN ORDINANCE NO. 120,.2012 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED GRANT REVENUE FROM GREAT OUTDOORS COLORADO IN THE CONSERVATION TRUST FUND FOR THE FOSSIL CREEK TRAIL AT COUNTY ROAD 38E PROJECT WHEREAS, Great Outdoors Colorado ("GOCO") has awarded the City of Fort Collins a grant in the amount of$500,000 for the construction of the Fossil Creek Trail at County Road 38E; and WHEREAS, the grant revenue made possible the completion of the Fossil Creek Trail from north of Cathy Fromme Prairie to Spring Canyon Community Park; and WHEREAS, this project included a trail underpass for a safe crossing of County Road 38E; and WHEREAS, the total cost for this section of trail was approximately $1,200,000, with $500,000 from the GOCO grant and approximately $700,000 from Conservation Trust Funds and the Natural Areas Trails 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, City staff has determined that the appropriation of grant funds as described herein will not cause the total amount appropriated in the Conservation Trust Fund to exceed the current estimate of actual and anticipated revenues to be received during the fiscal year. WHEREAS, Article V, Section 10, of the City Charter authorizes the City Council to transfer by ordinance any unexpected and unencumbered 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 that there is hereby appropriated for expenditure from unanticipated grant revenue in the Conservation Trust Fund the sum of FIVE HUNDRED THOUSAND DOLLARS ($500,000) for the Fossil Creek Trail at County Road 38E project. Introduced, considered favorably on first reading, and ordered published this 6th day of November, A.D. 2012, and to be presented for final passage on the 20th day of November, A.D. 2012. yOFFOfZp.0 � � \ .` G Mayor ATTEST: (�l/�//y(�¢ ���Gr✓ cot o v° City Clerk Passed and adopted on final reading on the 20th day of November, A.D. 2012. Mayor may, ATTEST: r..DD •City Clerk