HomeMy WebLinkAbout016 - 03/06/2012 - APPROPRIATING UNANTICIPATED GRANT REVENUE IN THE CAPITAL PROJECTS FUND AND APPROPRIATING PRIOR YEAR ORDINANCE NO. 016, 2012
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING UNANTICIPATED GRANT REVENUE IN THE CAPITAL
PROJECTS FUND AND APPROPRIATING PRIOR YEAR RESERVES AND
AUTHORIZING THE TRANSFER OF EXISTING APPROPRIATIONS
IN THE KEEP FORT COLLINS GREAT FUND FOR THE NORTH COLLEGE
IMPROVEMENTS PROJECT- CONIFER STREET TO WILLOX LANE
WHEREAS, as a result of previous capital improvement projects, much of North College
Avenue has been reconstructed or will be reconstructed to current City street standards by the end
of 2012; and
WHEREAS,the section of North College Avenue from Conifer Street to Willox Lane is the
remaining section of North College Avenue, within the City limits, that does not meet current City
street standards; and
WHEREAS, this portion of North College Avenue is a four-lane highway with a striped
center left turn lane,partially paved shoulders,sporadic curb and gutter,occasional drainage swales,
discontinuous sidewalks, no bike lanes, and undefined access to local business; and
WHEREAS, the North Front Range Metropolitan Planning Organization awarded the City
$2,039,000 in federal funds through the Colorado Department of Transportation ("CDOT") to be
received over four years to design improvements and begin right-of-way acquisition for the North
College Improvements Project - Conifer Street to Willox Lane (the "Project"); and
WHEREAS,the City Council has adopted Resolution 2012-008 authorizing the City to enter
into a contract with CDOT for the Project; and
WHEREAS,$1,426,000 of the funds will be available for the Project in fiscal year 2012 and
the City will need to provide local matching funds in the amount of$326,481 for the Project; and
WHEREAS, $226,000 in matching funds is available in reserves in the Keep Fort Collins
Great Fund and an additional $100,481 is available for transfer to the Project from existing
appropriations in such fund for transportation capital needs; 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 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 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.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That there is hereby appropriated from unanticipated federal grant revenue in
the Capital Projects Fund the sum of ONE MILLION FOUR HUNDRED TWENTY-SIX
THOUSAND DOLLARS ($1,426,000) for expenditure on the Project.
Section 2. That there is hereby appropriated for expenditure from prior year reserves in
the Keep Fort Collins Great Fund the sum of TWO HUNDRED TWENTY-SIX THOUSAND
DOLLARS ($226,000) for expenditure on the Project.
Section 3. That the unexpended appropriated amount of ONE HUNDRED THOUSAND
FOUR HUNDRED EIGHTY-ONE DOLLARS ($100,481)is authorized for transfer from the Keep
Fort Collins Great Fund operating budget to the Project.
Introduced, considered favorably on first reading, and ordered published this 21 st day of
February, A.D. 2012, and to be presented for final passage on the 6th day of March, A.D. 2012.
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Passed and adopted on final reading on the 6th day of March, A.D. 2012.
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