HomeMy WebLinkAbout1998-060-04/07/1998-APPROVING THE PROPOSED USES OF 1996 REVENUE IN EXCESS OF THE CONSTITUTIONAL REVENUE GROWTH LIMIT AND RESOLUTION 98-60
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROVING PROPOSED USES OF 1996 REVENUE IN
EXCESS OF THE CONSTITUTIONAL. REVENUE GROWTH
LIMIT AND RETAINED BY THE CITY WITH VOTER APPROVAL
WHEREAS, in 1992, voters of the State of Colorado approved an amendment to the State
Constitution which imposed growth limits on the rate at which City revenues and expenditures may
increase; and
WHEREAS, said amendment, enacted as Article X, Section 20 of the State Constitution,
went into effect on January 1, 1993; and
WHEREAS, since approval of Article X, Section 20, City revenues have exceeded the
growth limits imposed in 1994, 1995, and 1996; and
WHEREAS, Subsection 7(d)of Article X, Section 20 requires that any revenue collected in
excess of the growth limit imposed by that Section be refunded in the next fiscal year unless voters
approve a revenue change as an offset; and
WHEREAS, in 1995, the City refunded $12,871 resulting from excess 1994 revenue over
the constitutional growth limit, by crediting customer's utility accounts; and
WHEREAS,in November 1996,City voters approved a ballot measure allowing the City to
retain revenues collected in 1995 that exceeded the constitutional growth limit, totaling $764,000,
to be used for transportation services, including constructing and repairing streets, removing snow
and de-icing streets, and constructing sidewalks to promote pedestrian safety; and
WHEREAS,the City's 1996 revenues exceeded the constitutional growth limit by$952,295;
and
WHEREAS, in November 1997,City voters approved a ballot measure allowing the City to
retain revenues in 1996, and in subsequent years, that exceed the constitutional growth limit (the
"Retained Revenues"), provided that any such revenue be used for public health and safety
(including, but not limited to, environmental monitoring and mitigation), growth management,
transportation services, and maintenance and repair of public facilities; and
WHEREAS, City staff has developed a list of projects and uses for the 1996 Retained
Revenues, attached hereto as Exhibit"A" (the "Revenue Retention Projects"); and
WHEREAS, said Revenue Retention Projects properly apply fee-based revenues to
appropriate fee-supported expenditures,and are consistent with the limitations set forth in the ballot
measure approved by the voters; and
WHEREAS, the Revenue Retention Projects are also consistent with the direction of the
Council's Finance Committee, which has considered proposals by staff and which recommends
approval of the same; and
WHEREAS, it is the desire of the Council to formally approve those City projects and uses
to which the Retained Revenues will be applied.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the Revenue Retention Projects listed on Exhibit "A", attached hereto and
incorporated herein by this reference,be, and hereby are, approved by the Council for funding with
1996 Retained Revenues, subject to such subsequent modifications as the Council may deem
appropriate.
Passed and adopted at a regular meeting of the City Counc' this 7th day of_AKil,A.D.
1998.
t
ayor
ATTEST:
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City Clerk QI
Exhibit "A"
Revenue Retention Projects
Neighborhood Parkland: $164.298
Growth Management
Revenue retention dollars identified in the Neighborhood Parkland fund will be combined
with impact fees collected in 1997 and 1998 for neighborhood parks to complete the design
of Case Park and complete the design and construction of Westfield, English Ranch,
Ridgeview and Miramont parks in 1998.
Transit: $1,887
Transportation
These funds will be utilized for the Transfort marketing program. Specifically, we will be
emphasizing the new Dial-A-Ride scholarship program and FoxTrot.
Street Oversizing: $207,229
Transportation
Due to the nature of the Street Oversizing program and the fact that the timetable for
projects is often driven by developers rather than the City, it is difficult to predict exactly
when a specific project will occur. However, there are several projects that probably will
be constructed in 1998. The revenue retention funds for Street Oversizing can be spent
in 1998 for one or several of the following projects:
Harmony Road Realignment with CR38E
Timberline at Willow Springs PUD
Overland Trail at Scenic Views PUD
CR9 at Celestica
US 287 at Shenandoah PUD
Lincoln Street at Buffalo Run PUD (Affordable Housing Units)
Harmony and JFK Parkway at Harmony Towne Center PUD
Willox and College at Willox Crossing PUD
The Street Oversizing Program plans to construct approximately $2.4 million in street
improvements in 1998, thus there is ample opportunity to utilize the revenue retention
funds.
Transportation: $158,830
Transportation
Traffic Signal Timing Project: $60,000 The Traffic Signal Timing Project was among the
requested service and facility improvements for the 1998 and 1999 budget. The project
would include the following:
• Counting turning movements at all signalized intersections during the a.m.,
noon, p.m., and weekend peaks;
• costs of consulting help in developing new timing plans and strategies; and
• fine-tuning the implementation of the plans.
The Traffic Signal Timing Project would provide staff improved data to make adjustments
to the City's current system. This would not replace or provide a major software and
hardware upgrade to the City's outdated traffic signal system. A complete replacement is
estimated to cost $2.0 to $4.0 million.
Deicing Materials Storage Facility Project: $98,830 The building that is currently used
to store deicing materials is an historic structure, and the materials (salt, sand, and other
commercial products) are dissolving the masonry that holds the bricks in place. The
$98,830 in revenue retention funds will be retained in reserve and combined with other
accumulated reserves to allow Streets to do this project in 1998 or 1999. If current market
rates hold, the 1992 Highway User Tax Revenue Bonds may be refinanced to affect
savings of over $120,000. The refinancing would also allow the substitution of an
insurance policy for the reserves now held for bonds which would release approximately
$320,000.
Cultural Services and Facilities: $91.558
Maintenance and Renovation of Public Facilities
In 1998, these reserves will be used to renovate the Box Office at the Lincoln Center. This
expansion is necessary to accommodate the increase in demand and usage at the center,
the space needed to accommodate technologies that are being added and to increase
safety and security.
Recreation: $114.924
Maintenance and Renovation of Public Facilities
City Park Pool Sewer Project: $20,000 The sewer at the pool needs to be replaced and
expanded to comply with EPA regulations.
City Park Center and Pottery Studio Renovation: $20,000 Minor repairs and
improvements at these two buildings.
Ballfield Light Replacement: $25,000 Replacement of outdated equipment with more
energy efficient lighting. This money will be combined with renovation money from the
Parks Division. It will take several years to complete this project at all four locations.
Outdoor Facility Upkeep: $50,000 Preventive maintenance and upgrades on selected
ballfields, soccer fields, and tennis facilities. This money is collected as rental revenues
from groups who use outdoor City facilities for their activities. It is spent directly on those
facilities for upkeep and repair.
Cemeteries: $20,778
Maintenance and Renovation of Public Facilities
In 1998, these fees will be used to continue the design and construction of Columbarium
facilities.
Perpetual Care: $10.942
Maintenance and Renovation of Public Facilities
These funds will be placed in the perpetual care fund and held for maintenance of specific
grave sites in perpetuity.
Capital Expansion Fees: $181.849
Growth Management
Library: $25,460
A portion of these fees in 1998 will be requested to purchase books and materials
for both the Main and Harmony Libraries. The remaining portion will be held for
future capital expansion.
Community Parkland: $105.472
This revenue will continue to be held in a community parkland account for the
eventual development of the Southwest Community Park and Youth Sports
Complex. We anticipate that it will be eight to ten years before enough money is
collected to build this park.
Police: $12,729
The amount will be held in reserve and be used for future equipment needs due to
growth.
Fire: $16,366
The amount will be held in reserve and will be used for site acquisition for
Station 14.
General Government: $21,822
The amount will be held in reserve and will be used for design or construction of
future space needs due to growth.