HomeMy WebLinkAbout130 - 11/03/2015 - APPROPRIATING PRIOR YEAR RESERVES IN THE TRANSIT SERVICES FUND AND PRIOR YEAR RESERVES IN THE TRANSP ORDINANCE NO. 130, 2015
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE TRANSIT SERVICES FUND AND
PRIOR YEAR RESERVES IN THE TRANSPORTATION FUND AND AUTHORIZING THE
TRANSFER OF APPROPRIATIONS INTO THE CAPITAL PROJECTS FUND AND
APPROPRIATING THEREIN FOR THE MASON CORRIDOR PROJECT FOR THE
PURCHASE OF TWO RAPID TRANSIT BUSES
WHEREAS, the MAX transit system project (MAX) is-afive-mile, north-south byway
extending from Cherry Street to just south of Harmony Road; and
WHEREAS, MAX includes seven park-n-ride lots, eight stations with pedestrian and
bicycle access, eight curb-side stops, and two transit centers; and
WHEREAS, six buses were acquired to provide the MAX services; and
WHEREAS, the six buses are all utilized for service leaving no spare vehicles and City
staff has determined that two additional buses are needed to provide an adequate spare ratio; and
WHEREAS, the total cost of the two buses is $1,734,598 of which $732,599 will be
funded by prior year reserves in the Transit Services Fund and authorized for transfer into the
Capital Projects Fund and appropriated therein for the Mason Corridor Project and $741,288 will
be funded by prior year reserves in the Transportation Fund and authorized for transfer into the
Capital Projects Fund and appropriated therein for the Mason Corridor Project; and
WHEREAS, the appropriation from the Transportation Fund is in accordance with the
provisions of Fort Collins City Code Section 8-57; and
WHEREAS, existing appropriations of $260,711 in the Capital Projects Fund, Mason
Corridor Project will complete the funding; 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, 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 or capital project account to another fund or capital project account, 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 as follows:
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Section 1. The foregoing recitals are adopted by reference as findings of fact as if
expressly set forth herein.
Section 2. That there is hereby appropriated for expenditure from prior year reserves
in the Transit Services Fund the sum of SEVEN HUNDRED THIRTY TWO THOUSAND
FIVE HUNDRED NINTY-NINE DOLLARS ($732,599) and authorized for transfer to the
Capital Projects Fund and appropriated therein for the Mason Corridor Project for the additional
buses.
Section 3. That there is hereby appropriated for expenditure from prior year reserves
in the Transportation Fund the sum of SEVEN HUNDRED FORTY ONE THOUSAND TWO
HUNDRED EIGHTY-EIGHT DOLLARS ($741,288) and authorized for transfer to the Capital
Projects Fund pursuant to City Code Section 8-57(c), and appropriated therein for the Mason
Corridor Project for the additional buses. It is the City Council's intent that these appropriated
funds be used for additional buses as described in this Ordinance notwithstanding any provisions
to the contrary in City Code Chapter 8.
Introduced, considered favorably on first reading, and ordered published this 20th day of
October, A.D. 2015, and to be presented for final passage on the 3rd day of November, A.D.
2015.
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Mayor
ATTEST: c°�oRAnO
City Clerk
Passed and adopted on final reading on this 3rd day of November, A.D. 2015.
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A. Mayor
ATTEST:
City Clerk
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