HomeMy WebLinkAbout062 - 06/06/1995 - AMENDING CITY CODE TO AUTHORIZE THE WASTEWATER UTILITY ENTERPRISE TO HAVE AND EXERCISE CERTAIN POWER ORDINANCE NO. G2 , 1995
AN ORDINANCE AMENDING CHAPTER 26 OF THE CITY
CODE TO AUTHORIZE THE WASTEWATER UTILITY
ENTERPRISE TO HAVE AND EXERCISE CERTAIN POWERS
IN FURTHERANCE OF ITS PURPOSES.
WHEREAS, by Ordinance No. 62, 1993, the City of Fort
Collins, Colorado (the. "City")-, has heretofore- established the- City
of Fort Collins, Colorado, Wastewater Utility Enterprise (the
"Enterprise") , as an enterprise of the City within the meaning of
art. x, § 20 of the Colorado Constitution; and
WHEREAS, the City Council desires to authorize the
Enterprise to have and exercise certain powers in furtherance of
its purposes.
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS, COLORADO, THAT:
Section 1. Section 26-209 of the Code of the City of
Fort Collins is hereby amended by the addition of a new paragraph
(c) to read as follows:
(c) The enterprise shall also be authorized to have and
exercise the following powers in furtherance of its
purposes: to hold meetings concurrently with
regular or special meetings of the City Council, to
have and use a seal, to issue its revenue bonds in
the manner in which City revenue bonds may be
issued, to pledge any revenues of the City's
wastewater system to the payment of such revenue
bonds and to pay such revenue bonds therefrom, to
enter into contracts relating to the wastewater
system in the manner in which City contracts may be
entered into, to make representations, warranties
and covenants relating to the wastewater system on
behalf of the City, to exercise rights and
privileges of the City relating to the wastewater
system and to bind the City to perform any
obligation relating to the wastewater system other
than any multiple-fiscal year direct or indirect
debt or other financial obligation of the City
without adequate present cash reserves pledged
irrevocably and held for payments in all future
years.
Section 2 . All action not inconsistent with the
provisions of this Ordinance heretofore taken by the City or its
officers and otherwise directed toward the authorization of the
Enterprise to have and exercise certain powers in furtherance of
its purposes is hereby ratified, approved and confirmed.
Section 3 . All ordinances, resolutions, bylaws, orders
and other instruments, or parts thereof, inconsistent herewith are
hereby repealed to the extent only of such inconsistency. This
repealer shall not be construed to revive any ordinance,
resolution, bylaw, order, or other instrument, or part thereof,
heretofore repealed.
Section 4. If any section, subsection, paragraph, clause
or other provision of this Ordinance shall for any reason be held
to be invalid or unenforceable, the invalidity or unenforceability
thereof shall not affect any of the remaining sections,
subsections, paragraphs, clauses or provisions of this Ordinance.
INTRODUCED, READ, APPROVED ON FIRST READING AND ORDERED
PUBLISHED BY NUMBER AND TITLE ONLY this 16th day of May, 1995.
CITY OF FORT INS, COLORADO
By:
ayor
(CITY)
(SEAL)
Attest:
2
City Clerk
Passed and adopted on final reading this 6th da of ne, A. 199
ayor
Attest:
I� -�
City Clerk
2