HomeMy WebLinkAbout106 - 09/15/2015 - APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND FOR THE PURPOSE OF COMPLETING THE CONSTRUCTION ORDINANCE NO. 106, 2015
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND
FOR THE PURPOSE OF COMPLETING THE CONSTRUCTION OF A PUBLIC
TELEVISION STUDIO FOR FORT COLLINS PUBLIC ACCESS NETWORK
WHEREAS, pursuant to the cable television franchise agreement between Comcast and
the City of Fort Collins, Comcast collects a monthly fee from subscribers that, under federal law,
must be spent for capital equipment and infrastructure used to provide public, educational and
governmental (PEG) television programming; and
WHEREAS, the City receives the PEG funds from Comcast and designates a portion of
the funds to be used for providing public access'television; and
WHEREAS, through a services agreement, the City has designated Fort Collins Public
Access Network, a 501(c)3 corporation (FC-PAN), as the City's public access television
provider; and
WHEREAS, the City works with FC-PAN to identify capital needs and spends the PEG
funds on appropriate equipment and facilities to be owned by the City and used by FC-PAN to
provide public access television programming; and
WHEREAS, any funds not spent go back into the City's PEG reserve account and are
available for future expenditures; and
WHEREAS, the City and FC-PAN are in the finishing stages of constructing a public
television studio located in the basement of the Carnegie Building at 200 Mathews Street, Fort
Collins; and
WHEREAS, funds are needed to complete the studio facilities;and
WHEREAS, restricted PEG reserves are available in the General Fund to pay for
completion of the project; and
WHEREAS, City staff recommends appropriating from prior year reserves in the General
Fund $49,535 to be used for completion of the public television studio; 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 that there is hereby appropriated for expenditure from prior year reserves in the
General Fund the sum of FORTY NINE THOUSAND FIVE HUNDRED THIRTY FIVE
DOLLARS ($49,535) to be used for completion of the public television studio.
Introduced, considered favorably on first reading, and ordered published this 1st day of
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September, A.D. 2015, and to be presented for final passage on the 15th day of September, A.D.
2015.
FORT CO��
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SEAT Mayor
ATTEST: :o
• COLORP�
City Clerk
Passed and adopted on final reading on the 15th day of September, A.D. 2015.
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SEAS' ayor
ATTEST: :o
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City Clerk
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