HomeMy WebLinkAbout049 - 05/19/2009 - AUTHORIZING THE TRANSFER OF EXISTING APPROPRIATIONS FROM THE FORT COLLINS URBAN RENEWAL AUTHORITY FU ORDINANCE NO . 049, 2009
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE TRANSFER OF EXISTING APPROPRIATIONS
FROM THE FORT COLLINS URBAN RENEWAL AUTHORITY FUND
TO THE CAPITAL PROJECTS FUND FOR THE NORTH COLLEGE AVENUE
AND EAST WILLOX LANE IMPROVEMENT PROJECT
WHEREAS , the intersection of North College Avenue and East Willox Lane (the
"Intersection") is an area where new development is occurring; and
WHEREAS , the Marketplace development is located on the northeast corner of the
Intersection and consists of a large commercial shopping center, including a King Soopers
grocery store anchor tenant; and
WHEREAS , the Union Place development is located near the southwest corner of the
Intersection and is a combined residential and commercial development; and
WHEREAS , North College Avenue near the Intersection has four travel lanes and no left
turn lanes, bicycle lanes, or pedestrian facilities ; and
WHEREAS , East Willox Lane was originally constructed as a collector roadway,
subsequently reclassified as a minor arterial in 1984, and is deficient in auxiliary turn lanes and
pavement structure ; and
WHEREAS , the proposed improvements to North College Avenue include curb and
gutter, sidewalks, bike lanes and landscaped medians ; and
WHEREAS , the proposed improvements to East Willox Lane include sidewalk,
landscaped parkways, repaving, and the construction of a modern roundabout at the entrance of
the Marketplace and the existing Country Club Corners commercial center to the south; and
WHEREAS , proposed improvements to the Intersection include concrete paving,
auxiliary left and right turn lanes, and pedestrian crossings ; and
WHEREAS , on April 21 , 2009, the City Council adopted on first reading Ordinance No .
0461 2009 appropriating funds from the City' s General Fund Reserves for Transfer to the Fort
Collins Urban Renewal Authority (the "Authority") to fund a loan for the purpose of designing
and constructing these improvements ; and
WHEREAS , on April 21 , 2009, the Board of Commissioners of the Authority adopted
Resolution No. 016 authorizing the loan with the City and appropriated the loan funds for these
improvements ; and
WHEREAS , funds are available for transfer to the Capital Projects Fund from existing
appropriations in the Fort Collins Urban Renewal Authority Fund; and
WHEREAS, Article V, Section 10, of the City Charter authorizes the City Council to
transfer by ordinance any unexpended and unencumbered appropriated amount or portion
thereof from one fund to another fund, provided that the purpose for which the transferred funds
are to be expended remains unchanged.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
FORT COLLINS that the unexpended appropriated amount of TWO MILLION EIGHT
HUNDRED TWELVE THOUSAND SIX HUNDRED TWENTY DOLLARS ($2,812,620) is
hereby authorized for transfer from the Fort Collins Urban Renewal Authority Fund to the
Capital Projects Fund, North College Avenue and East Willox Lane Improvements Project for
improvements.
Introduced, considered favorably on first reading, and ordered published this 5th day of
May, A.D. 2009, and to be presented for final passage on the/Kt, day of May, A.D. 20 9.
May r
ATTEST:
AV
City Clerk
Passed and adopted on final reading on the 19th day of Ma , A.D. 2009.
May
ATTEST:
'City Clerk