HomeMy WebLinkAbout038 - 05/01/1990 - APPROPRIATING PRIOR YEAR RESERVES IN THE WASTEWATER FUND AND AUTHORIZING THE TRANSFER OF APPROPRIATE ORDINANCE NO. 38 , 1990
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR RESERVES IN THE WASTEWATER FUND
AND AUTHORIZING THE TRANSFER OF APPROPRIATED AMOUNTS
TO THE CAPITAL PROJECTS FUND
WHEREAS, Article V, Section 8, of the Charter of the City of Fort
Collins authorizes the City Council to provide by ordinance for payment of
any expense from reserves accumulated in prior years, notwithstanding that
such reserves were not appropriated for expenditures in the annual
appropriation ordinance; and
WHEREAS, additional funds are needed for the construction of the
Shields and Lake Street Relief Sewer project; and
WHEREAS, prior year reserves are available in the Wastewater Fund and
are sufficient to cover said expenditures.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1 . That there is hereby appropriated for expenditure from
undesignated prior year reserves in the Wastewater Fund the sum of TWO
HUNDRED THOUSAND DOLLARS ($200,000) for transfer to the Capital Projects
Fund.
Section 2. That TWO HUNDRED THOUSAND DOLLARS ($200,000) is authorized
for transfer from the Wastewater Fund to the Capital Projects Fund and
appropriated therein for the Shields and Lake Street Relief Sewer project.
Introduced, considered favorably on first reading, and ordered
published this 17th day of April , A.D. 1990, and to be presented for final
passage on the 1st day of May, A.D. 1990.
r
mayor
AT ST: \
City Clerk
Passed and adopted on final reading this 1st day of May, A.D. 1990.
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ATTEST:
City Clerk