HomeMy WebLinkAbout041 - 04/03/1984 - APPROPRIATING PRIOR YEAR RESERVES IN THE WATER FUND TO CONDUCT STUDIES ON WATER RATES AND DROUGHT HA ORDINANCE NO. 41 , 1984
OF THE COUNCIL OF THE CI=F FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE WATER FUND
TO CONDUCT STUDIES ON WATER RATES & DROUGHT HAZARDS
WHEREAS, Article V, Section 8, of the Charter of the City of Fort
Collins authorizes City Council to appropriate prior year reserves at any
time such reserves are available; and
WHEREAS, City Council directed the City to conduct studies on water
rates and drought hazards; and
WHEREAS, the estimated cost of the rate and drought studies totals
$110,000; and
WHEREAS, Accounting has indicated that prior year reserves in the
Water Fund are sufficient to cover this appropriation for expenditure of
funds, and to maintain required reserve balances.
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 total sum of ONE HUNDRED TEN THOUSAND
DOLLARS ($110,000) for a water rate study and a drought study.
Introduced, considered favorably on first reading, and ordered pub-
lished this 20th day of March, A.D. , 1984, and to be presented for final
passage on the 3rd day of April , A.D 1984.
M o
ATTEST:
City clerk
Passed and adopted on final reading this 3rd day of April , A.D.
1984.
ayor
ATTEST:
City Clerk