HomeMy WebLinkAbout076 - 06/04/2013 - APPROPRIATING UNANTICIPATED REVENUE IN THE GENERAL FUND FOR THE PLATTE RIVER POWER AUTHORITY TRANSMI ORDINANCE NO. 076, 2013
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED REVENUE IN THE GENERAL FUND FOR THE
PLATTE RIVER POWER AUTHORITY TRANSMISSION
LINE RELOCATION PROJECT LOCATED ON THE WOODWARD PROPERTY
WHEREAS,per Ordinance No.055,2013,the City,the Downtown Development Authority,
and Woodward Inc ("Woodward") entered into an agreement (the "Agreement") that Woodward
would advance up to$6.05 million to the City(the"Advance")to fund certain public improvements,
to be made on the former Link-N-Greens Golf Course (the "Woodward Site"); and
WHEREAS,the improvements include right-of-way improvements,open space restoration,
and the relocation and installation of a power transmission line that currently crosses the Woodward
Site; and
WHEREAS, the Advance will be repaid to Woodward from pledged Downtown
Development Authority tax increment revenues; and
WHEREAS, on April 15,2013,the City entered into an Intergovernmental Agreement(the
"IGA")with the Platte River Power Authority("PRPA"), which provides that the City will pay the
cost of relocating and installing the transmission line (the "Project") at an estimated cost of
$1,297,080; and
WHEREAS, the Project will result in one new transmission tower placed in a natural area
just south of Mulberry Street and the removal of three transmission towers northwest of Mulberry
Street in a natural area; and
WHEREAS, Ordinance No. 063, 2013, authorizing the necessary easements from the City
for the Project, was adopted on second reading on May 7, 2013; and
WHEREAS, PRPA is currently designing the Project and estimates that design and
construction of the Project will take approximately fourteen months; and
WHEREAS, the Project is a critical path component of the redevelopment of the new
Woodward Site and immediate action is necessary to avoid the need and cost of temporary
transmission lines; and
WHEREAS, the Advance is not yet available for use for the Project and consequently City
staff has identified existing City revenues that may be made available to allow the Project
expeditiously; and
WHEREAS,pursuant to the Agreement,the City will be entitled to reimbursement from the
Advance for the expenditure of the funds appropriated hereunder; and
WHEREAS, Article V, Section 9, of the City Charter further 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.
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
General Fund the sum of ONE MILLION TWO HUNDRED NINETY SEVEN THOUSAND
EIGHTY DOLLARS ($1,297,080) for the relocation and installation of a transmission line on the
Woodward Site.
Introduced, considered favorably on first reading, and ordered published this 21st day of
May, A.D. 2013, and to-be presented for final passage on the 4th day of June, A.D. 2013.
OF F OR r C c _2[. LCJ ice[�C
Mayor
ATTEST: u SEAL :
L
City Clerk ••tORA00
Passed and adopted on final reading on the 4th day of June, A.D. 2013.
Ma or
ATTEST: <ORADO
ofzCity Clerk