HomeMy WebLinkAbout1997-061-05/06/1997-DEPOT SITE EXTENDING DEADLINE OLD COLORADO REIMBURSING STORMWATER FUND SOUTHERN FREIGHT RESOLUTION 97-61
OF THE COUNCIL OF THE CITY OF FORT COLLINS
EXTENDING THE DEADLINE FOR REIMBURSING THE
STORMWATER FUND FOR THE PURCHASE
OF THE OLD COLORADO AND SOUTHERN FREIGHT DEPOT SITE
WHEREAS,the City Council passed Resolution 94-211,on December 20, 1994,authorizing
the City to enter into an agreement with Trillium Corporation to purchase the Old Colorado and
Southern Railroad Freight Depot (the "Old Depot") located at 136 West LaPorte Avenue; and
WHEREAS,the Old Depot was purchased by the City using monies in the Stormwater Fund
with the intent to restore the building and to utilize the building and a portion of the site for office
space for the City's Stormwater Department; and
WHEREAS, City staff has decided that the Stormwater Utility will relocate to the Utility
Service Center at 700 Wood Street, rather than use the Old Depot for future office space; and
WHEREAS, Resolution 94-211 provided for the reimbursement of the Stormwater Fund
from other appropriate City funds by January 31, 1997, for the purchase price of any Old Depot
property not used for Storm Drainage purposes; and
WHEREAS, such reimbursement was initiated in 1996 when the General Fund purchased
property on Block 32, including a parcel of property needed by the Stormwater Fund; and
WHEREAS, additional time is needed in order to identify and transfer other appropriate
municipal revenues into the Stormwater Fund in order to fully reimburse the Stormwater Fund, with
interest, for the balance of the purchase price of the Old Depot property.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the period of time for accomplishing the complete reimbursement by the General
Fund to the Stormwater Fund for the Old Depot site is hereby extended to December 31, 1997.
Passed and adopted at a regular meeting of the Council of City of Fort C ns ld this
6th day of May, A.D. 1997.
i
Mayor
ATTEST:
City Clerk