HomeMy WebLinkAbout124 - 11/02/1993 - APPROPRIATING PRIOR YEAR RESERVES IN THE WASTEWATER UTILITY FUND ORDINANCE NO. 124, 1993
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE
WASTEWATER UTILITY FUND
WHEREAS, Article V, Section 7, of the Charter of the City of Fort Collins
authorizes the City Council to provide by ordinance for payment of any expense
from reserves accumulated in prior years, notwithstanding that such reserves were
not appropriated for expenditure in the annual appropriation ordinance; and
WHEREAS, the Wastewater Utility Fund has reserves for the purpose of
capital expenditures; and
WHEREAS, in 1990, the City Council authorized the purchase of 18,130 acres
of deeded land known as the Meadows Springs Ranch for the purpose of a sludge
management program; and
WHEREAS, the State Land Board wishes to sell approximately 7,550 acres of
land which lies in checkerboard parcels within the boundaries of the Meadow
Springs Ranch; and
WHEREAS, the Wastewater Utility wishes to consolidate the Meadow Springs
Ranch to simplify development of public access and provide for a more efficient
operation; and
WHEREAS, the State Land Board will accept payment of SEVEN HUNDRED FIFTY-
FIVE THOUSAND DOLLARS ($755,000) for approximately SEVEN THOUSAND FIVE HUNDRED
AND FIFTY (7,550) acres.
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, the sum of SEVEN HUNDRED AND FIFTY-FIVE THOUSAND DOLLARS ($755,000.00)
for the purpose of purchasing approximately SEVEN THOUSAND FIVE HUNDRED AND FIFTY
(7,550) acres of land from the State Land Board that lies within the boundaries
of the Meadow Springs Ranch.
Introduced, considered favorably on first reading, and ordered published
this 19th day of October, A.D. 1993, and to be presented for f' 1 passage on the
2nd day of November, A.D. , 1993.
ayor `
P.T I EST:
City Clerk
Pas>ed and adopted on final reading this 2nd day of love A.D.
ayor `
ATTEST:
14
City Clerk