HomeMy WebLinkAbout043 - 05/03/2011 - APPROPRIATING UNANTICIPATED GRANT REVENUE IN THE GENERAL FUND FOR THE EXTERIOR PRESERVATION AND RECO ORDINANCE NO. 043, 2011
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED GRANT REVENUE IN THE
GENERAL FUND FOR THE EXTERIOR PRESERVATION AND
RECONSTRUCTION OF THE AVERY BUILDING
WHEREAS, the City has been awarded a grant in the amount of $215,135 from the
Colorado Historical Society's State Historical Fund; and
WHEREAS, the grant is to be used for the exterior restoration and rehabilitation of the red
sandstone Avery Block building consisting of brick and stone masonry restoration, rehabilitation
of the original wood windows, and reconstruction of storefronts along College Avenue; and
WHEREAS, the grant will be matched by an equal amount from the property owner, Avery
Building LLC; and
WHEREAS, the City will administer the grant funds and the matching funds totaling
$430,270; 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 $430,270 will
not cause the total amount appropriated in the General Fund to exceed the current estimate of
actual and anticipated revenues to be received during the 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 grant revenue and.
private cash matching funds in the General Fund the sum of FOUR HUNDRED THIRTY
THOUSAND TWO HUNDRED SEVENTY DOLLARS ($430,270) for the exterior preservation
and reconstruction of the Avery Building.
Introduced, considered favorably on first reading, and ordered published this 19th day of
April, A.D. 2011, and to be presented for final passage on the 3rd day of May, A.D. 2011.
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Passed and adopted on final reading on the 3rd day of May, A.D. 2011.
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