HomeMy WebLinkAbout1995-066-05/16/1995-ART IN PUBLIC PLACES BUDGET FINANCIAL MANAGEMENT POLICIES RESOLUTION 95-66
OF THE COUNCIL OF THE CITY OF FORT COLLINS
ADOPTING AMENDMENTS TO THE FINANCIAL AND
MANAGEMENT POLICIES FOR 1995 AND SUBSEQUENT FISCAL YEARS
WHEREAS, City Council has adopted Financial and Management Policies for the City
pursuant to Resolution 94-174; and
WHEREAS, Resolution 94-174 provides that the Council may adopt amendments to the
City's Financial and Management Policies; and
WHEREAS, amendments to the Financial and Management Policies are needed because of
the creation of the City's Art in Public Places program; and
WHEREAS, the Interim City Manager and City Council have reviewed the proposed
amendments to the Financial and Management Policies in conjunction with the City's five-year
financial plan and in preparation for the annual budget; and
WHEREAS, the City is committed to sound financial planning; and
WHEREAS, the proposed amendments to the Financial and Management Policies establish
guidelines for long-range financial planning; and
WHEREAS, the City Council wishes to adopt these amendments to the City's Financial and
Management Policies for 1995 and subsequent fiscal years.
NOW,THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That the Council hereby adopts the amendments to the City's Financial and
Management Policies which are attached hereto as Exhibit "A" and incorporated herein by this
reference.
Section 2. That the amendments to the Financial and Management Policies adopted by the
passage of this Resolution shall be included as part of said Policies and those Policies shall hereafter
remain in effect until the same are amended or repealed by subsequent action of the City Council.
Passed and adopted at a regular meeting of the Counc' efflie C-of Fort CollinsJlcld this
16th day of May, A.D. 1995.
J �
Mayor
ATTEST:
City Clerk
EXHIBIT A
4.4.b.
Art in Public Places
On April 18, 1995 Council adopted Ordinance No. 20 , 1995, establishing legislation
creating an Art in Public Places (APP) program and guidelines for the City. The
purpose this program is to encourage and enhance artistic expression and appreciation
and to add value to the community through acquiring, exhibiting and maintaining
public art. The legislation provides a structure for the operation of an Art in Public
Places program and ensures that public art is integrated into City construction
projects. The program provides a funding mechanism for the program and contains
guidelines pertaining to the selection and acquisition of works of art, restrictions on
the usage of certain funds available for the acquisition of art, upkeep and maintenance
of public art, and other areas pertaining to the general administration of the program.
Following is a summary of the guidelines which provide a framework for the
implementation and administration of the City's Art in Public Places program.
Program Funding
The APP program's link to funding is the City's Capital Improvements.
• The program encourages City departments to include artistic and
aesthetic values in all construction projects, including those costing less
than $50,000, and all purchases of personal property that may be
located or used in places open to the public.
• For eligible projects costing between $50,000 and $250,000, a city
selected artist must be utilized and participate in the design of the
project for the purpose of incorporating works of art into all aspects of
the project to the fullest extent possible within the project budget.
Costs incurred by the artist in providing these services to the City are to
be paid from the project budget.
• Requests for appropriations in excess of $250,000 for eligible projects
must include an amount equal to one percent (1 %) of the amount
appropriated at the time of the request. One percent of the amount
appropriated will be earmarked for works of art and subsequently
reserved, if not spent, in the Cultural Services & Facilities Fund, with the
exception of eligible appropriations in the Utility Funds (Light & Power,
Water, Wastewater, and Storm Drainage). Each of the Utility Funds is
required to establish their own accounts and reserves for the APP
program to account for the 1 % earmarked for works of art for eligible
utility projects.
Program Administration
The APP Board, with the assistance of the APP Coordinator, will have the
responsibility of coordinating and making recommendations regarding:
• acquisition of works of art,
• process to be used to select works of art and artists,
• works of art selection criteria,
• acquisition of donated artwork,
• certain restrictions on the use of restricted program funds, and
• encouraging donations for public art.
Program guidelines also include definitions of art in public places, work of art,
construction project, and APP Coordinator as well provisions for the installation of art
and contractual agreements between the City and artists or donors of works of art.
Reserves
• Art in Public Places Reserve - This reserve is restricted to Art in Public Places
program use. Appropriations from this reserve and subsequent expenditures
are restricted to the acquisition or lease of works of art, the maintenance, repair
or display or works of art, and the expenses of administering the Art in Public
Places program.
The reserve is funded by amounts equal to 1 % of eligible requested capital
project appropriations in excess of $250,000, excluding the Light & Power,
Water, Wastewater, and Stormwater utilities. The utilities are required to set
up their own restricted reserve accounts for Art in Public Places.
4.2.c.4.
• Art in Public Places Reserve - This reserve is restricted to Art in Public
Places program use. Appropriations from this reserve and subsequent
expenditures are restricted to the acquisition or lease of works of art that
provide a betterment to the Stormwater Utility or that are otherwise
determined by the City Council to be for a specific utility purpose that is
beneficial to the utility rate payers, and for the maintenance, repair or
display of such works of art.
The reserve is funded by amounts equal to 1 % of eligible requested
capital project appropriations in excess of $250,000.
4.2.b.2.
• Art in Public Places Reserve - This reserve is restricted to Art in Public
Places program use. Appropriations from this reserve and subsequent
expenditures are restricted to the acquisition or lease of works of art that
provide a betterment to the Water and Wastewater Utilities or that are
otherwise determined by the City Council to be for a specific utility
purpose that is beneficial to the utility rate payers, and for the
maintenance, repair or display of such works of art.
The reserve is funded by amounts equal to 1 % of eligible requested
capital project appropriations in excess of $250,000.
4.2.a.3.
Excess Retained Earnings
Priority for the accumulation of reserves and excess retained earnings shall be
as follows: reserves shall first be accumulated in the operating reserve, second
in future capital improvements reserve, third in the purchase power reserve.
in adctitian, 1 % of speeifieri capital project apprApriatioris sh 1.all he reserved and
restricted forthe City's Art in Public Places program. After reserves are funded
as specified above, any excess retained earnings shall be added to the purchase
power reserve.