HomeMy WebLinkAbout070 - 07/07/2015 - APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND FOR TRANSFER TO THE CAPITAL PROJECTS FUND FOR ORDINANCE NO. 070, 2015
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND FOR TRANSFER
TO THE CAPITAL PROJECTS FUND FOR THE LINCOLN CORRIDOR IMPROVEMENTS
PROJECT AND TRANSFERRING APPROPRIATIONS TO THE CULTURAL SERVICES
AND FACILITIES FUND FOR THE ART IN PUBLIC PLACES PROGRAM
WHEREAS, the Lincoln Corridor Plan (the "Plan") was approved by City Council
pursuant to Resolution 2014-040 and the Plan developed a vision and a preliminary multi-modal
design for Lincoln Avenue between Jefferson Street and Lemay Avenue; and
WHEREAS, City Plan recognized the potential for Lincoln Avenue to become a "Great
Green Street" by developing a new road design to address context-sensitive solutions to connect
with Downtown and surrounding areas; and
WHEREAS, the Lincoln Avenue corridor is also recognized as a priority gateway in the
Downtown Plan (1989) and the City's adopted streetscape standards; and
WHEREAS, at the level of enhancements currently approved, the Lincoln Corridor
Improvements project from Is` Street to Lemay Avenue is estimated to cost $6.5 million, of which
$4,106,000 was appropriated in March of this year with Ordinance No. 028-2015; and
WHEREAS, in addition to the $4,106,000 that is already appropriated $155,881 was
previously committed from Developer local street obligations and $270,000 in savings from
Woodward interim improvements, which leaves a funding gap of$1,968,119 to be funded from
available General Fund Reserves; and
WHEREAS, this Ordinance appropriates from the General Fund Reserves the remaining
funding needed for the design, right-of-way acquisition and construction of the Lincoln Avenue
Improvements from I st Street to Lemay Avenue; and
WHEREAS, one percent of the appropriation for the construction project, net of right of
way cost, ($19,681) must be transferred to the Cultural Services and Facilities fund for a
contribution to the Art in Public Places (APP) program, with $15,351 reserved for the APP
artwork project and $4,330 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
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; 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.
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NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That there is hereby appropriated from prior years reserves in the General
Fund the amount of ONE MILLION NINE HUNDRED SIXTY-EIGHT THOUSAND`ONE
HUNDRED NINETEEN DOLLARS ($1,968,119) and authorized for transfer to the Capital
Projects Fund and appropriated therein for the Lincoln Corridor Improvements Project.
Section 2. That the unexpended appropriated amount of FIFTEEN THOUSAND
THREE HUNDRED FITY-ONE DOLLARS ($15,351) 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 artwork project.
Section 3. That the unexpended appropriated amount of FOUR THOUSAND
THREE HUNDRED THIRTY DOLLARS ($4,330) 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 APP Program maintenance and operations.
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.
�y OFF` ?To Mayor
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City Clerk
Passed and adopted on final reading on the 7th day of July, A.D. 2015.
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