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HomeMy WebLinkAbout017 - 03/03/2015 - APPROPRIATING UNANTICIPATED GRANT REVENUE AND PRIOR YEAR RESERVES IN THE EQUIPMENT FUND FOR ELECTRIC ORDINANCE N0..017, 2015 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING UNANTICIPATED GRANT REVENUE AND PRIOR YEAR RESERVES IN THE EQUIPMENT FUND FOR ELECTRIC VEHICLE CHARGING STATIONS'AND NATURAL GAS VEHICLES WHEREAS, the City has been awarded a "Charge Ahead Colorado' grant from the State of Colorado in the amount of $12,177 to install three electric vehicle charging stations at City Facilities; and WHEREAS, the "Charge Ahead Colorado' grant requires a 20% local match in the amount of$2,435, which will come from Equipment Fund prior year reserves; and WHEREAS, the City has also received a grant through the Regional Air Quality Council funded by the "ALT Fuels Colorado' program in the amount of$67,920 for the purchase of two Natural Gas dump trucks to be used by the Water Utility; and WHEREAS, the "ALT Fuels Colorado' grant requires a local match in the amount of $16,950, which will come from Equipment Fund prior year reserves; 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 grant funds 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 during the fiscal year; 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. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That there is hereby appropriated for expenditure from unanticipated grant revenue in the Equipment Fund the sum of EIGHTY THOUSAND NINETY-SEVEN DOLLARS ($80,097) for expenditure in the Equipment Fund for the purchase of two natural gas dump trucks and three fleet vehicle charging stations. Section 2. That there is hereby appropriated for expenditure from prior year reserves in the Equipment Fund the sum of NINETEEN THOUSAND THREE HUNDRED EIGHTY- - 1 - FIVE DOLLARS ($19,385) for expenditure in the Equipment Fund for the purchase of two natural gas dump trucks and three fleet vehicle charging stations. Introduced, considered favorably on first reading, and ordered published this 17th day of February, A.D. 2015, and to be presented for final passage on the 3rd day'" of/�March, A.D. 2015. OF FOB 4aAwztic�ak (its-F%( LlisCe✓� ATTEST: or City Clerk Passed and adopted on final reading on the 3rd day of March, A.D. 2015. 71A.1� ✓ /�t�,ei�ta�t..r�� M or ATTEST:. of p0'°rO0 "= SEAL y City Clerk °toiiaoo - 2 -