HomeMy WebLinkAbout214 - 01/06/1987 - APPROPRIATING PRIOR YEAR RESERVES IN THE WATER FUND ORDINANCE NO. 214 , 1986
OF THE COUNCIL OF THE CITY OF FORT COLLINS
BEING AN ORDINANCE APPROPRIATING PRIOR
YEAR RESERVES IN THE WATER FUND
WHEREAS, Article V, Section 8 of the Charter of the City of Fort
Collins permits the Council to appropriate prior year reserves at any time
such reserves are available; and
WHEREAS, the City wishes to purchase 1,350 units of Colorado Big
Thompson water and 105 shares of North Poudre Irrigation Company stock; and
WHEREAS, funds are available in the Capital Reserves of the Water
Fund.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated for expenditure from prior year
Capital Reserves in the Water Fund the total sum of ONE MILLION THREE
HUNDRED EIGHTY SEVEN THOUSAND FIVE HUNDRED DOLLARS ($1,387,500) to purchase
1,350 units of Big Thompson water and 105 shares of North Poudre Irrigation
Company stock.
Introduced, considered favorably on first reading, and ordered
published this 16th day of December A.D. 1986, and to be presented for
final passage on the 6th day of January, A.D. 1987.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 6th day of January, A.D.
1987.
J'// jav
Mayor
A?TEST:
City Clerk