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HomeMy WebLinkAbout057 - 01/02/1969 - APPROPRIATING THE SUM OF $98,000 FOR THE FISCAL YEAR 1968 FOR WATER CAPITAL IMPROVEMENTS ORDINANCE NO 57, 1968, BEING AN ORDRaRM APPROPRIATING THE. SUM OF t9B4O00 FOR TEE FISCAT, YEAR 19.6E FOR WATER CAPITAL IMPROVEMENTS WEEREAS, it is necessary that the City of Fort Collins acquire certain water rights during the year 1968 for the water utility of the City, and WEERFAS, the cost of the water rights which need to be acquired during the yeaa)a 1968 exceeds the amount that was budgeted for such expenditure, and WHEREAS, the actual necessity to meet the expenses incident to the acquisition of such water rights and the betterment of the municipal water utility system has arisen from unforeseen contingencies arising after the passage of the annual appropriation ordinance, and WBERFAS, Section 8 of Chapter V of the City Charter provides that the City Council may provide by ordinance for the payment of any expense, the actual necessity of which is caused by an unforeseen contingency arising after the passage of the annual appropriation ordinance, and WHEREAS, there are adequate unbudgeted funds to meet this expense in the reserve of the water capital fund NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS Section 1 That there be and hereby is appropriated for the acquisition of water rights and the improvement and betterment of the water utility of the City of Fort Collins the sum of $98,000 Section 2 Said sum of $98,000 is hereby appropriated out of the unbudgeted funds in the water capital improvement fund and in to the water capital improvement budget for the year 1968 Introduced, considered favorably on first reading and ordered published this 12�h day' of December, A D 1968, and to be presented for final passage on the 2nd day of January, A D 1969 �Li1�2�r7c., May ATTEST City Clerkl Passed and adopted on final reading this 2nd day of January, A D 1969 Mayor ATTEST City Clerk