HomeMy WebLinkAbout018 - 02/15/1983 - APPROPRIATING UNANTICIPATED REVENUE IN THE CAPITAL PROJECTS FUND ORDINANCE NO. 18 , .1983
OF THE COUNCIL OF THE CITY OF FORT COLLINS
BEING AN ORDINANCE APPROPRIATING
UNANTICIPATED REVENUE IN THE
CAPITAL PROJECTS FUND
WHEREAS, Article V, Section 15, of the Charter of the City of Fort
Collins provides that Council may appropriate unanticipated revenue at any
time during the year in which such revenue is received; and
WHEREAS, the City has agreed to provide certain public improve-
ments related to the location of a brewery in the area; and
WHEREAS, through contractual agreements the brewery has made arrange-
ments for paying the cost of these improvements; and
WHEREAS, Bond Anticipation Note proceeds and, at a later time, Bond
proceeds will be deposited in the Capital projects Fund to cover these
public improvement costs and bond issuance costs.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated for expenditure from bond antici-
pation note proceeds and, at a later time, from bond proceeds in the
Capital Projects Fund, the total sum of Twenty-Five Million Dollars
($25,000,000) for the cost of public improvements related to the location
of a brewery in the City and for bond issuance costs.
Introduced, considered favorably on first reading, and ordered
published on this 1st day of Feb�ruarr, A.D. , 1983, and to be presented for,
final passage on the 15th day of February A.D. , 1983.
ayNT- o r—;or -
ATTEST:
City Clerk QI
Passed and adopted on final reading this 15th day of February
A.D. , 1983.
Assistant M yo --
ATTEST:
"O�_
City Clerk