HomeMy WebLinkAbout136 - 10/17/1989 - APPROPRIATING REVENUE IN THE DOWNTOWN DEVELOPMENT AUTHORITY FUND FOR PAYMENT OF DEBT SERVICE FOR THE ORDINANCE NO. 136, 1989
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING REVENUE IN THE
DOWNTOWN DEVELOPMENT AUTHORITY FUND FOR
PAYMENT OF DEBT SERVICE FOR THE YEAR 1990
WHEREAS, the Council of the City of Fort Collins, in Ordinance No. 95,
1987, authorized the issuance of Tax Increment Refunded Bonds, Series 1987,
dated May 15, 1988, in the aggregate principal amount of THIRTEEN MILLION
FIVE HUNDRED FORTY-FIVE THOUSAND DOLLARS ($13,545,000) ; and
WHEREAS, interest on the bonds is due and payable.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby authorized for expenditure from the Downtown
Development Authority Debt Service Fund the sum of ONE MILLION ONE HUNDRED
FIFTY-NINE THOUSAND ONE HUNDRED TWENTY-EIGHT DOLLARS ($1, 159,128) for
payment of debt service in 1990 on the bonds authorized by Council in
Ordinance No. 95, 1987.
Introduced, considered favorably on first reading, and ordered
published this 3rd day of October, A.D. 1989, and to be presented for final
passage on the 17th day of October, A.D. 1989:-�
Mayor
AA TE
City Clerk
Passed and adopted on final reading this 17th day of October, A.D.
1989.
Mayor
A i
ST:
i
City Clerk