HomeMy WebLinkAbout096 - 01/04/1977 - TRANSFERRING SURPLUS FUNDS AND CORRECTING DEFICIENCIES FOR CERTAIN SPECIAL IMPROVEMENT DISTRICTS THR s'
ORDINANCE NO. 96, 1976
BEING AN ORDINANCE TRANSFERRING SURPLUS FUNDS
AND CORRECTING DEFICIENCIES FOR CERTAIN SPECIAL
IMPROVEMENT DISTRICTS THROUGH THE SURPLUS AND
DEFICIENCY ACCOUNT OF THE SPECIAL ASSESSMENT FUND
WHEREAS, Section 20.6 of Article V of the Charter of the City of
Fort Collins provides in part (b) thereof that surplus funds remaining in
a local improvement district shall be transferred to the Surplus and Defi-
ciency Fund and when there is a deficiency in such a district it shall be
paid out of such Surplus and Deficiency Fund; and
WHEREAS, the outstanding securities for the improvement districts
hereinafter set forth have been paid and such special improvement districts
still have to their credit (or deficit) the amounts hereinafter indicated,
to-wit :
Name of Improvement District Surplus Cash on Hand
Street Improvement District" No.58 $ 1,799.00
Storm Sewer District No. 15 (34.11)
Sanitary Sewer District No. 58 (40.00)
Street Light District No. 3 (74.97)
and
WHEREAS, such surplus funds should be transferred to the Surplus and
Deficiency Fund, and the deficits should be paid out of the Surplus and
Deficiency Fund.
NOW, THEREFORE,; BE IT:ORDAINED: BY_THE COUNCIL .OF- THE CITY OF'FORT
COLLINS that the deficits set forth above for Storm Sewer -District No. 15,
Sanitary Sewer District No. 58, and Street Light District No. 3 be transferred
and paid from the Surplus and Deficiency Account of the Special Improvement
Fund and that the surplus set .forth above--in Street Improvement:Dis_-. -
trict No. 58 be transferred and paid to said Surplus and Deficiency Fund..
Introduced, considered favorably on first reading, and ordered 'pub-
lished this 21st day of December, A.D. 1976, and to be presented for final
reading on the 4th day of January, A.D. 1977.
Mayor
ATTEST: /n
City Clerk (Deputy)
J '
Passed and adopted on final reading this 4th day of January, A.D.
1977.
Mayor /
ATTEST:
aL ;� '0 ,
City Clerk
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