HomeMy WebLinkAbout147 - 10/19/1999 - APPROPRIATING PROCEEDS FROM THE EXECUTION AND DELIVERY OF LEASE CERTIFICATES OF PARTICIPATION FOR TH ORDINANCE NO. 147, 1999
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PROCEEDS FROM THE EXECUTION AND DELIVERY OF
CITY OF FORT COLLINS LEASE CERTIFICATES OF PARTICIPATION FOR THE
GOLF ENTERPRISE FUND FOR GOLF COURSE IMPROVEMENTS
WHEREAS, upon passage on first and second reading of Ordinance No. 136, 1999, the
Council approved the delivery and execution of$3,360,000 of lease certificates of participation;and
WHEREAS, the execution and delivery of the lease certificates of participation and their
appropriation are necessary to complete the construction of$2.3 million in improvements,including
associated costs of issuing the certificates, which improvements will be made at the golf courses
owned and operated by the City of Fort Collins; and
WHEREAS,Article V, Section 9 of the Charter of the City of Fort Collins permits the City
Council to make supplemental appropriations by ordinance at any time during the fiscal year
provided that the total amount of such supplemental appropriations,in combination with all previous
appropriations for that fiscal year, does not exceed the current estimate of actual and anticipated
revenues to be received during the fiscal year.
NOW,THEREFORE,BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated in the Golf Fund of the City of Fort Collins the amount
of TWO MILLION TWO HUNDRED FIFTY FIVE THOUSAND DOLLARS($2,255,000)for the
purpose of paying the costs of the project and the associated costs of issuing the certificates of
participation.
Introduced and considered favorably on first reading and ordered published this 5th day of
October, A.D. 1999, and to be presented for final passage on the 19th day of October, A.D. 1999.
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Passed and adopted on final reading this 19th day of October, A.D. 1999.
-Mlayor
ATTEST:
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City Clerk