HomeMy WebLinkAbout124 - 10/20/2015 - APPROPRIATING PRIOR YEAR RESERVES IN THE STREET OVERSIZING FUND FOR TRANSFER TO THE CAPITAL PROJECTS ORDINANCE NO. 124, 2015
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE STREET
OVERSIZING FUND FOR TRANSFER TO THE CAPITAL PROJECTS "
FUND FOR THE LEMAY AND VINE INTERSECTION PROJECT
WHEREAS, the Lemay Avenue realignment and intersection improvements have been
prioritized as the City's highest Transportation Capital Improvement Project priority; and
WHEREAS, the Engineering Department is currently working on a Conceptual Design
and Alternatives Analysis for realigned Lemay Avenue and Suniga Drive; and
WHEREAS, the improvements will construct a new road and intersection for the future
Lemay Avenue and Suniga Drive slightly north and east of the existing Vine Drive and Lemay
Avenue; and
WHEREAS, the City has an opportunity to purchase fee title to a road right-of-way and
utility easements; and
WHEREAS, the total purchase amount is $522,335.00; and
WHEREAS, $277,612.00 was previously appropriated from Keep Fort Collins Great
funds; and
WHEREAS, this Ordinance will appropriate the remaining cost of $244,723.00 from
prior year reserves in the Street Oversizing Fund for transfer to the Capital Project Fund; 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 permits the City Council during
the fiscal year to transfer appropriations by ordinance from one fund or capital project account to
another fund or capital project account.
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
Street Oversizing Fund the amount of TWO HUNDRED FORTY FOUR THOUSAND SEVEN
HUNDRED TWENTY THREE DOLLARS ($244,723) and authorized for transfer to the Capital
Projects Fund and appropriated therein for the Lemay and Vine Intersection Project.
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Introduced, considered favorably on first reading, and ordered published this 6th day of
October, A.D. 2015, and to be presented for final passage on the 20th day of October, A.D. 2015.
OF FORT
Mayor
ATTEST:
cOIORP�O
City Clerk
Passed and'adopted on final reading on the 20th day of October, A.D. 2015.
OF FORrC
:Z
E L Mayor
ATTEST:
COLORA02
City Clerk
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