HomeMy WebLinkAbout021 - 02/18/1986 - APPROPRIATING UNANTICIPATED REVENUE IN THE COMMUNITY DEVELOPMENT BLOCK GRANT FUND 0
ORDINANCE NO. 21 , 1986
OF THE COUNCIL OF THE CITY OF FORT COLLINS
BEING AN ORDINANCE APPROPRIATING UNANTICIPATED
REVENUE IN THE COMMUNITY DEVELOPMENT BLOCK GRANT FUND
WHEREAS, Article V, Section 15, of the Charter of the City of Fort
Collins permits the Council to appropriate unanticipated revenue at any
time during the year in which such revenue is received; and
WHEREAS, the Community Development Block Grant Program provided loans
and grants to qualified homeowners for housing rehabilitation; and
WHEREAS, the Community Development Block Grant Program has received
income from the repayment of these loans and grants; and
WHEREAS, this income was not anticipated at the time the CDBG Program
budget was prepared.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is hereby appropriated for expenditure in 1986 from
unanticipated revenues in the Community Development Block Grant Fund the
sum of SIXTY ONE THOUSAND FOUR HUNDRED FIVE DOLLARS ($61,405) to be used
for additional housing rehabilitation loans.
Introduced, considered favorably on first reading, and ordered
published this 4th day of February, A.D. 1986, and to be presented for
final passage on the 18th day of February, A.D. 1986. / -
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ATTEST:
City Clerk
1986.Passed and adopted on final reading this 18th day of February, A.D.
Mayor
ATTEST:
City Clerk