HomeMy WebLinkAbout074 - 06/03/2014 - APPROPRIATING PRIOR YEAR RESERVES IN THE NATURAL AREAS FUND FOR THE PURPOSE OF PROVIDING NATURAL ARE ORDINANCE NO. 074, 2014
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE NATURAL AREAS FUND .
FOR THE PURPOSE OF PROVIDING NATURAL AREAS PROGRAMMING NOT
INCLUDED IN THE 2014 ADOPTED CITY BUDGET
WHEREAS, the City is committed to preserving natural areas and providing educational,
interpretive and appropriate recreational opportunities to the public; and
WHEREAS, Natural Areas programming implements open land conservation priorities
identified in the City's Comprehensive Plan by purchasing conservation easement interests in
key natural areas, community separators, or other open lands; providing stewardship for lands
purchased; and developing trails and interpretive features for public use; and
WHEREAS, the Natural Areas Department is funded primarily through the collection of
Open Space - Yes sales and use tax revenue, as well as revenues from the Larimer County Help
Preserve Open Space sales and use tax, investment earnings, and other miscellaneous revenues
deposited in the Natural Areas Fund; and
WHEREAS, the Natural Areas Fund has unspent and unencumbered appropriations from
2013 in excess of $4,800,000 and additional unanticipated revenue and prior year reserves in
excess of$1.400,000; and
WHEREAS, Article V. Section 11 of the City Charter requires that all appropriations
unexpended or unencumbered at the end of the fiscal year lapse to the applicable general or
special revenue fund, except that appropriations for capital projects and federal or state grants do
not lapse until the completion of the capital project or until the expiration of the federal or state
grant; 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 my be
available from reserves accumulated in prior years, notwithstanding that such reserves were not
previously appropriated; and
WHEREAS, City Staff,recommends appropriating from prior year reserves in the Natural
Areas Fund $6,221,125 to be used for acquisition, construction, enhancement and maintenance
of trail systems, wildlife habitat and other natural areas to benefit the citizens of the City.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
FORT COLLINS that there is hereby appropriated for expenditure from prior year reserves in the
natural Areas Fund the sum of SIX MILLION TWO HUNDRED TWENTY-ONE THOUSAND
THREE HUNDRED TWENTY-FIVE DOLLARS ($6,221,325) to be used for acquisition,
construction, enhancement and maintenance of trail systems, wildlife habitat and other natural
areas to benefit the citizens of the City.
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Introduced, considered favorably on first reading, and ordered published this 20th day of'
May, A.D. 2014, and to be presented for final passage on the 3rd day of June, A.D. 2014.
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Passed and adopted on final reading on the 3rd day of June, A.D. 2014.
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