HomeMy WebLinkAbout060 - 09/16/1975 - TRANSFERRING SURPLUS FUNDS NOW ON HAND IN THE ACCOUNTS OF CERTAIN SPECIAL IMPROVEMENT DISTRICTS TO T ORDINANCE NO 60 1975
BEING AN ORDINANCE TRANSFERRING SURPLUS FUNDS
NOW ON HAND IN THE ACCOUNTS OF CERTAIN SPECIAL
IMPROVEMENT DISTRICTS TO 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 when all
outstanding securities for a special or local improvement district
have been fully paid and money remains to the credit of the
district such surplus funds shall be transferred to a 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 the amounts of
cash hereinafter indicated to-wit
Name of Improvement District Surplus Cash On Hand
Street Improvement District No 55 $28 316 19
Street Improvement District No 56 12 019 34
Street Improvement District No 57 11 814 72
Sidewalk District No 1 757 75
Sidewalk District No 2 214 92
Weed District No 1 1 343 97
and
WHEREAS such surplus funds should be transferred to the
surplus and deficiency fund
NOW THEREFORE BE IT ORDAINED BY THE COUNCIL OF THE CITY
OF FORT COLLINS that the amounts set forth above be and the
same hereby are transferred from the particular improvement
district in which such funds are now located to the surplus and
deficiency account of the special improvement fund
Introduced considered favorabl on first reading and
ordered published this day of ' the "` A D 1975
a to be presented for anal reading ��_ day of
A D 1975
ATTES
Prayor
ity Clerk `
Passed and adopted on final reading this 16th day of
September A D 1975
J,-4 1 - gow
ATTEST Mayor
City Clerk
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