HomeMy WebLinkAbout101 - 09/06/2011 - APPROPRIATING PRIOR YEAR RESERVES IN THE CULTURAL SERVICES FUND FOR TRANSFER TO THE CAPITAL PROJECTS ORDINANCE NO. 101, 2011
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE CULTURAL SERVICES FUND
FOR TRANSFER TO THE CAPITAL PROJECTS FUND AND APPROPRIATING
UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND FOR
THE FORT COLLINS MUSEUM/DISCOVERY SCIENCE CENTER 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, $6,000,000 was included in the BOB capital project program for construction
of a new combined-use facility for the Fort Collins Museum/Discovery Science Center ("the
Project"); and
WHEREAS, in March 2008, the City and the Discovery Center, a Colorado non-profit
corporation, d/b/a Discovery Science Center (the "NPC"), now officially known as FCDM, Inc.,
entered into an operating agreement for the construction and operation of the Project; and
WHEREAS,the Project will be jointly owned,managed,and funded by the City and the NPC
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 NPC has raised $3,617,000 in cash and pledges for museum exhibits and
the amount presently available for appropriation is$738,034,which funds are currently being held
in the Capital Projects Fund; and
WHEREAS, funds in the amount of $100,000 are also available from the Fort Collins
Museum operations reserve in the Cultural Services Fund for the Project museum exhibits; and
WHEREAS, funds in the amount of$150 have been received as a gift from an estate for
construction of the Project; and
WHEREAS, accordingly, this Ordinance appropriates a total amount of$838,184 for the
Project; 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.
WHEREAS, Article V, Section 9, of the City Charter authorizes 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 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; 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
fund to another fund, 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 there is hereby appropriated for expenditure from prior year reserves in
the Cultural Services Fund the amount of ONE HUNDRED THOUSAND DOLLARS ($100,000)
to be transferred to the Capital Projects Fund and appropriated therein for the Building on Basics -
Fort Collins Museum/Discovery Science Center Joint Facility Project.
Section 2. That there is hereby appropriated from unanticipated revenue in the Capital
Projects Fund the sum of SEVEN HUNDRED THIRTY-EIGHT THOUSAND ONE HUNDRED
EIGHTY-FOUR DOLLARS ($738,184) for expenditure on 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
August,A.D. 2011, and to be presented for final passage on the 6th day of September, A.D. 2011.
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Passed and adopted on final reading on the 6th day of September, A.D. 2011.
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