HomeMy WebLinkAbout076 - 05/19/1987 - APPROPRIATING PRIOR YEAR RESERVES IN THE WATER FUND ORDINANCE NO. 76 , 1987
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 construct a water line on Princeton Road
at the same time the storm drain is installed; and
WHEREAS, the Accounting Division has indicated that prior year
reserves in the Water Fund Capital Construction are sufficient to cover
this appropriation for expenditures of funds, and to maintain required
reserve balances.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated for expenditure from prior year
reserves in the Water Fund the total sum of ONE HUNDRED FIFTY THOUSAND
DOLLARS ($150,000) for the construction of a water line on Princeton Road.
Introduced, considered favorably on first reading, and ordered
published this 5th day of May, A.D. 1987, and to be presented for final
passage on the 19th day of May, A.D. 1987.
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ATTEST:
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City Clerk
Passed and adopted on final reading this 19th day of May, A.D. 1987.
ATTEST:
City Clerk