HomeMy WebLinkAbout135 - 11/16/1982 - APPROPRIATING ANTICIPATED PROCEEDS FROM THE SALE OF BONDS IN THE CAPITAL PROJECTS FUND FOR SPECIAL I r �
ORDINANCE NO 135, 1982
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING ANTICIPATED PROCEEDS FROM THE
SALE OF BONDS IN THE CAPITAL PROJECTS FUND
FOR SPECIAL IMPROVEMENT DISTRICT #77
WHEREAS, pursuant to the Chapter 16 of the Code of the City of Fort
Collins, the Council has authorized the formation of Special Improvement
District z477, and
WHEREAS, the formation of said District was made possible by the
voluntary participation of the property owners in the District, speci-
fically, Osprey Homes, Inc , and
WHEREAS, the property owners in said District desire that construction
of all necessary improvements commence at the earliest possible date due to
the possibility of inclement weather which would unnecessarily delay
construction, and
WHEREAS, the City desires to cooperate with the property owners in
said district, and
WHEREAS, pursuant to Section 8 of Article V of the Charter of the City
of Fort Collins, the Council must appropriate funds prior to the City
entering into a contract, and
WHEREAS, pursuant to Section 35 of Article V of the Charter of the
City of Fort Collins, the contract for the construction of special improve-
ments to be paid by assessments can be entered into prior to the receipt of
proceeds from the sales of bonds to finance said improvement district,
and
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS
1 That Seven Hundred Eighty-Three Thousand Dollars ($783 ,000 00) be,
and the same hereby are, appropriated from the proceeds to be received by
the sale of bonds in the Capital Projects Fund for Special Improvement
District 077
2 That the immediate adoption of this ordinance is necessary to
preserve, protect and advance the general welfare of the residents of the
City of Fort Collins, therefore, the Council hereby determines that an
emergency exists requiring the immediate passage of this ordinance, and
this ordinance is therefore, enacted pursuant to Section 6 of Article II of
the Charter of the City of Fort Collins as an emergency ordinance and
shall be effective upon its passage
r
Introduced, considered favorably by 5 members of the Council of the
City of Fort Collins and finally passed—as an emergency ordinance and
ordered published this 16thday of November, 1982
Mayor
ATTEST
City Clerk
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