HomeMy WebLinkAbout049 - 05/15/1990 - APPROPRIATING PRIOR YEAR RESERVES IN THE WATER FUND TO PURCHASE ADDITIONAL WATER SUPPLIES ORDINANCE NO. 49 , 1990
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 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; and
WHEREAS, the City desires to purchase additional water supplies which
are estimated to cost approximately $1,800,000; and
WHEREAS, funds are available in the Water Fund Reserves from previous
year payments made to satisfy raw water requirements.
NOW THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that there is appropriated for expenditure from prior year reserves
in the Water Fund the total sum of ONE MILLION EIGHT HUNDRED THOUSAND
DOLLARS ($1,800,000) to purchase additional water supplies.
Introduced, considered favorably on first reading, and ordered
published this 1st day of May A.D. 1990, and to be presented for final
passage on the 15th day of May, A.D. 1990.
Mayor
ATTEST:
City Clerk
Passed and adopted on final reading this 15th day of May, A.D. 1990.
,Mayor
ATTEST:
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City Clerk