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HomeMy WebLinkAbout017 - 03/06/2012 - APPROPRIATING UNANTICIPATED GRANT REVENUE IN THE CAPITAL PROJECTS FUND FOR THE CITY BRIDGE PROGRAM P ORDINANCE NO. 017, 2012 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED GRANT REVENUE IN THE'CAPITAL PROJECTS FUND FOR THE CITY BRIDGE PROGRAM PROJECT WHEREAS, the City has been awarded a grant from the Colorado Department of Transportation's Off-System Bridge Program for$552,000 (the "Grant"); and WHEREAS,the Grant is for the replacement ofthe Bryan Avenue Bridge(the"Bridge")over Larimer Canal No. 2, which bridge is located just north of the Poudre Fire Authority fire station by City Park; and WHEREAS,based on federal bridge inspection standards,the Bridge has been identified as structurally deficient because it does not have the desired load carrying capacity; and WHEREAS,the total estimated cost of the Bryan Avenue Bridge Replacement is$1,040,000, which will be funded by the Grant, the existing appropriation of$138,000 in the Capital Projects Fund - City Bridge Program which will meet the required local match for the Grant, and by the existing appropriation of $350,000 in the Keep Fort Collins Great Fund - City Bridge Program Project; and WHEREAS,the City Council has adopted Resolution 2012-009 authorizing the City to enter into a contract with the Colorado Department of Transportation for the construction of the Bryan Avenue Bridge Replacement; 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 have determined that the appropriation of the Grant revenue described herein will not cause the total amount appropriated in the Capital Projects Fund to exceed the current estimate of actual and anticipated revenues during fiscal year 2012. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS that there is hereby appropriated from unanticipated revenue in the Capital Projects Fund the sum of FIVE HUNDRED FIFTY-TWO THOUSAND DOLLARS ($552,000) for expenditure in the Capital Projects Fund for the Ciiy Bridge Program Project. Introduced, considered favorably on first reading, and ordered published this 21st day of February, A.D. 2012, and to be presented for final passage on the 6th day of March, A.D. 2012. -k F Rr ..... May r ATTEST: V'�:' EA j e City Clerk cA�ORAOO Passed and adopted on final reading on the 6th day of March, A.D. 2012. or ATTEST: e S Chief Deputy City Clerk