HomeMy WebLinkAbout027 - 03/15/2005 - APPROPRIATING BOND PROCEEDS IN THE WATER FUND ORDINANCE NO. 027, 2005
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING BOND PROCEEDS IN THE WATER FUND
WHEREAS,by adopting Resolution 2003-121,the Council approved the option to proceed
with the development of the Halligan Reservoir Enlargement Project; and
WHEREAS, the City of Fort Collins Water Fund is estimated to have a $87,200,000 fund
balance from prior year reserves at the end of 2004; and
WHEREAS, $2,476,446 of such funds have not been committed to or appropriated for any
other use and are available for expenditure of the bond proceeds received in 2004 in conjunction
with the exercise of the option to proceed with the enlargement of the Halligan Reservoir; and
WHEREAS,Article V, Section 9,of the Charter of the City of Fort Collins permits the City
Council to appropriate by ordinance at any time during the fiscal year such funds for expenditure as
may be available from reserves accumulated in prior years,notwithstanding that such reserves were
not previously appropriated.
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 amount of TWO MILLION FOUR HUNDRED SEVENTY SIX THOUSAND FOUR
HUNDRED FORTY SIX DOLLARS($2,476,446)for the Halligan Reservoir Enlargement Project.
Introduced, considered favorably on first reading, and ordered published this 1st day of
March, A.D. 2005, and to be presented for final passage on the 15th day of March, A.D. 2005.
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Mayor ,-->
TTEST:
City Clerk
Passed and adopted on final reading on the 15th day of March, A . 2005.
Mayor
ATTEST:
City Clerk