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HomeMy WebLinkAbout004 - 02/01/2011 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND FOR THE VETERANS PLAZA PROJECT AT S ORDINANCE NO. 004, 2011 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND FOR THE VETERANS PLAZA PROJECT AT SPRING CANYON COMMUNITY PARK WHEREAS, in 2008, a group of Fort Collins citizens initiated a project that would honor veterans in the community through the construction of a memorial to be constructed on City property (the "Project"); and WHEREAS, Spring Creek Canyon Park has been identified as a suitable location for the Project; and WHEREAS, the Project has been designed by an independent landscape architect retained by a citizens' group known as the Veterans Plaza Committee (the"Committee"), with oversight by City staff, and WHEREAS,the first phase of the Project,to be constructed at an estimated cost of$115,435, will have as its focal point a bronze statue honoring veterans,and it will incorporate concrete walks, a grass amphitheatre, shade trees, a garden, and platform stage; and WHEREAS,the second phase of the Project,the cost of which is estimated at$159,565,will add flagpoles, stone seating in the amphitheatre and other amenities, including two stone memorial walls embedded with touch screen/ interactive monitors that will allow visitors to search for and view the names, photos, and biographies of veterans who have ties to northern Colorado; and WHEREAS,the Committee has raised sufficient funds to cover the first phase of the Project and will continue its fundraising efforts; and WHEREAS, all funds received by the Committee are being donated to the City to be expended on the Project; and WHEREAS, $25,000 of the total Project cost of$300,000 has already been appropriated by the City Council in the form of Resourcing our Future tax revenues through adoption of the 2011 Annual Appropriation Ordinance,leaving$275,000 of revenues to be appropriated from existing and future donations; 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. 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 TWO HUNDRED SEVENTY-FIVE THOUSAND DOLLARS ($275,000) for the Veterans Plaza Project at Spring Creek Community Park. Introduced, considered favorably on first reading, and ordered published this 18th day of January, A.D. 2011, and to be presented for final passage on the ay of February, A.D. I. Mayor ATTEST: C1�C� City Clerk Passed and adopted on final reading on the 1 st day of Feb ry, A.D. 2011. May(L) ,.ATTEST: City Clerk