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HomeMy WebLinkAbout064 - 07/07/2015 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND FOR THE VINE DRIVE AND SHIELDS STRE ORDINANCE NO. 064, 2015 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND FOR THE VINE DRIVE AND SHIELDS STREET INTERSECTION IMPROVEMENTS PROJECT AND TRANSFERRING APPROPRIATIONS TO THE CULTURAL SERVICES AND FACILITIES FUND FOR THE ART IN PUBLIC PLACES PROGRAM WHEREAS, in 2011, the City Engineer completed an arterial intersection priority study which ranked Vine Drive and Shields Street as an intersection in need of safety and operational improvements; and WHEREAS, the intersection demonstrated poor horizontal geometry, deficient or nonexistent bicycle and pedestrian facilities and higher than average vehicle accident rates as well as significant congestion; and WHEREAS, an "alternatives analysis" report was prepared by Muller Engineering which concluded that a single-lane roundabout intersection at that location will outperform a signalized intersection with respect to safety, right-of-way impacts to local businesses, and cost of operation; and WHEREAS, the single-lane roundabout intersection would also have a positive impact on short and long term air quality, would improve storm drainage facilities, would enhance landscape elements and would provide accessible crosswalks for bicycle and pedestrian users; and WHEREAS, pursuant to Resolution 2012-067 City Council has determined that a single- lane, modern roundabout is the preferred alternative for the Vine Drive and Shields Street intersection improvement; and WHEREAS, the total amount of$1,701,101 has been appropriated for the design, right- of-way acquisition, and construction of the Vine Drive and Shields Street Intersection Improvements Project (the 'Project"); and WHEREAS, the City and the County have jointly established the Regional Transportation Capital Improvement Expansion Fee (the "Regional Road Impact Fee"), which for the City is set out in Chapter 7.5, Article VI, of the City Code and has as its intent and purpose to establish a fee program to assure that new development contributes a proportionate share of the costs of providing new capital improvements for the Regional Road CIP system; and WHEREAS, due to escalating construction costs, additional funds in the amount of $150,000 from the Regional Road Impact Fee have been identified by City and County staff to be used for the Project; and - 1 - WHEREAS, this Ordinance appropriates the additional Regional Road Impact Fee to be used for the Project; and WHEREAS, one percent of the appropriation for the construction project, ($1,500) must be transferred to the Cultural Services and Facilities fund for a contribution to the Art in Public Places (APP) program, with $1,170 reserved for the APP artwork project and $330 reserved for the maintenance of the artwork and operations of the APP program; 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 during fiscal year 2015; and WHEREAS, Article V, Section 10 of the City Charter authorizes the City Council to transfer by ordinance any unexpended and unencumbered appropriated amount or portion thereof from one fund (project) to another fund (project), provided that the purpose for which the transferred funds are to be expended remains unchanged. 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 revenue in the Capital Projects Fund the sum of ONE HUNDRED FIFTY THOUSAND DOLLARS ($150,000) for expenditure in the Capital Projects Fund for the Vine Drive and Shields Street Intersection Improvements Project. Section 2. That the unexpended appropriated amount of ONE THOUSAND ONE HUNDRED SEVENTY DOLLARS ($1,170) in the Capital Projects Fund - Lincoln Corridor Improvements Project is authorized for transfer to the Cultural Services and Facilities Fund and appropriated therein for the APP Art Project. Section 3. That the unexpended appropriated amount of THREE HUNDRED THIRTY DOLLARS ($330) in the Capital Projects Fund - Lincoln Corridor Improvements Project is authorized for transfer to the Cultural Services and Facilities Fund and appropriated therein for the Art in Public Places Program Maintenance and Operations. - 2 - Introduced, considered favorably on first reading,and ordered published this 2nd day of June, A.D. 2015, and to be presented for final passage on the 7th day of July, A.D. 2015. Mayor ATTEST: of FORrc ti . ' o City Clerk cO<oRrio°. Passed and adopted on final reading on the 7th day of July, A.D. 2015. ayo�vl r ATTEST: of poRr°°� cy °€ SEAL N City Clerk •...... 'a CORP, - 3 -