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HomeMy WebLinkAbout074 - 07/21/2015 - AUTHORIZING THE TRANSFER OF PREVIOUSLY APPROPRIATED FUNDS IN THE STORM DRAINAGE FUND FROM INDIVIDUAL ORDINANCE NO. 074, 2015 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING THE TRANSFER OF PREVIOUSLY APPROPRIATED FUNDS IN THE STORM DRAINAGE FUND FROM INDIVIDUAL STORMWATER BASIN CAPITAL PROJECTS INTO THE STORMWATER BASIN IMPROVEMENT CAPITAL PROJECT WHEREAS, this Ordinance provides for the consolidation of existing appropriations to improve transparency and flexibility of using the existing stormwater basin improvement appropriations to fund the highest priority projects, consistent with the objectives stated by City Council in Ordinance No. 168, 1998, for uniform and city-wide operation, maintenance, and improvements to the Stormwater system; and WHEREAS, at this time, there are appropriations remaining in each basin project either (A) at a level that is insufficient to pay for any particular project or (B) not needed because the basin project does not have immediate capital project needs; and WHEREAS, the consolidation of all these appropriations into the citywide Stormwater Basin Improvement Project will allow staff to fund larger capital projects benefiting the City as a whole, as well as the specific basin for which the funds were created; and WHEREAS, the specifics of this re-appropriation were reviewed at the June 18, 2015, Water Board meeting and the Board recommended consolidation of the remaining stormwater basin budgets as presented by staff, and WHEREAS, this Ordinance does not appropriate any new funding; 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 that the following funds are hereby authorized for transfer and appropriated for expenditure for the purposes stated below. Appropriation FROM these projects in the Storm Drainage Fund: Old Town Basin Improvements $11,184 Dry Creek Basin Improvements $1,043,059 W. Vine Basin Improvements $763,585 Foothills Basin Improvements $4,778 Canal Importation Basin Improvements $602,946 Cooper Slough Boxelder Basin Improvements $353,956 Fossil Creek Basin Improvements $224,548 Cache La Poudre Drainageway Basin Improvements $167,780 Drainage System Replacements $174,020 1 TOTAL $3,345,855 Appropriation TO this project in the Storm Drainage Fund: Stormwater Basin Improvements Capital Project $3,345,855 Introduced, considered favorably on first reading, and ordered published this 7th day of July, A.D. 2015, and to be presented for final passage on the 21 st day of July, A.D. 2015. ATTEST: ayor , oat....kitis City Clerk Passed and adopted on final reading on this 21 st day of July, A.D. 2015. Mayor ATTEST: C OF FORT •O` &4e. �� 0 �8 d�� •Cn City Clerk Cif�tG k COCORA�O - 2 -