HomeMy WebLinkAbout1977-044-07/05/1977-ACKNOWLEDGING THE OBLIGATION OF THE CITY TO PROVIDE ITS SHARE OF THE COST OF STREET IMPROVEMENTS ON f
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f' RESOLUTION 77-44
OF THE COUNCIL OF THE CITY OF FORT COLLINS ACKNOW-
LEDGING THE OBLIGATION OF THE .CITY TO PROVIDE ITS
SHARE OF THE COST OF STREET IMPROVEMENTS ON DRAKE
ROAD AND LEMAY AVENUE TO BE INSTALLED BY THE STATE
DEPARTMENT OF HIGHWAYS, DIVISION OF HIGHWAYS, STATE
OF COLORADO, UNDER URBAN SYSTEMS PROGRAM PROJECT
NO. M 5000 (1) AND AGREEING TO PROVIDE SUCH FUNDS
WHEREAS, heretofore on March 1, 1977, the City Council
adopted a resolution authorizing an agreement between the
City of Fort Collins, and the State Department of Highways,
Division of Highways, State of Colorado, for the construction
of street improvements on Drake Road and Lemay Avenue under
Federal Urban Systems Program Project No. M 5000 (1) ; and
WHEREAS, the maximum funding available through the
Federal Urban Systems Program will be $190 ,000.00, or a pro
rata share of 74% of the final costs, of the project, whichever
dollar amount is less; and
WHEREAS, the estimated cost of the project is $433,000.00,
and the City of Fort Collins will be required to provide the
funds to pay all costs of the project over the amount paid
through federal aid funds; and
WHEREAS, it is necessary that the City Council acknow
ledge its responsibility to pay its share of the costs of
such program and agree to pay the same; and
WHEREAS, adequate funds for payment of the City's share
of the project are available and to the extent required have
been previously appropriated for expenditure by the City.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE
CITY OF FORT COLLINS, that the City Council hereby acknow-
ledges its responsibility to provide the necessary funds to
pay all costs of Project No. M 5000 (1) for installing street
improvements on Drake Road and Lemay Avenue in excess of the
federal aid funds available for expenditure on this project
and that the City Council hereby agrees to provide its share
i! of the cost of such project.
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Passed and adopted at a regular meeting of the City
Council held this 5th day of July, A.D. 19 7.
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A ST•
Mayor
City Clerk
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