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HomeMy WebLinkAbout025 - 03/05/1996 - APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND FOR THE LANDMARK REHABILITATION GRANT PROGRAM ORDINANCE NO. 25, 1996 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND FOR THE LANDMARK REHABILITATION GRANT PROGRAM WHEREAS, City Council has adopted Resolution 96-15 which renews the Landmark Rehabilitation Grant Program(the Program) for 1996; and WHEREAS, program funds from 1994 and 1995 in the amount of$25,781, were not spent due to delays in establishing the Program, completing fund projects; and WHEREAS, said funds are presently available as prior year reserves to be appropriated for the 1996 Program; and WHEREAS, Article V, Section 7, 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 expenditure in the annual appropriation ordinance. 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 General Fund the sum of TWENTY-FIVE THOUSAND SEVEN HUNDRED EIGHTY-ONE DOLLARS ($25,781) for the Landmark Rehabilitation Grant Program. Introduced, considered favorably on first reading, and ordered published this 20th day of February, A.D. 1996, and to be presented for final passage on the 5th day of March, A.D. 1 96. ayor ATTEST: .yI I o City Clerk LN Passed and adopted on final reading this 5th day of March; A, . 1996. Mayor ATTEST: City Clerk