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HomeMy WebLinkAbout076 - 05/19/1987 - APPROPRIATING PRIOR YEAR RESERVES IN THE WATER FUND ORDINANCE NO. 76 , 1987 OF THE COUNCIL OF THE CITY OF FORT COLLINS BEING AN ORDINANCE APPROPRIATING PRIOR YEAR RESERVES IN THE WATER FUND WHEREAS, Article V, Section 8, of the Charter of the City of Fort Collins permits the Council to appropriate prior year reserves at any time such reserves are available; and WHEREAS, the City wishes to construct a water line on Princeton Road at the same time the storm drain is installed; and WHEREAS, the Accounting Division has indicated that prior year reserves in the Water Fund Capital Construction are sufficient to cover this appropriation for expenditures 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 FIFTY THOUSAND DOLLARS ($150,000) for the construction of a water line on Princeton Road. Introduced, considered favorably on first reading, and ordered published this 5th day of May, A.D. 1987, and to be presented for final passage on the 19th day of May, A.D. 1987. Ma 1! ATTEST: ( � City Clerk Passed and adopted on final reading this 19th day of May, A.D. 1987. ATTEST: City Clerk