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HomeMy WebLinkAbout053 - 01/03/1963 - AMENDING SECTION 8-4 OF THE CITY CODE RELATING TO THE FUND FOR MAKING EXTENSIONS, IMPROVEMENTS, ENLA ORDINANCE NO. 53, 1962, AMENDING SECTICN .8-4 OF THE CODE OF ORDINANCES OF THE CITY OF FORT COLLINS, COLORADO, 1958, AS AMENDED, RELATING TO THE FUND FOR MAKING EXTENSIONS, IMPROVEMENTS, ENLARGE- MENTS AND BETTERMWS OF THE UTILITIES IN THE DIVISION OF ELECTRIC LIGHT AND POWER OF THE DEPARTMENT OF MUNICIPAL PUBLIC UTILITIES. WIT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS: Section 1. That Section 8-4 of the Code of Ordinances of the City of Fort Collins, Colorado, 1958, as amended, be and it is%hereby amended by deleting the second sentence thereof and substituting therefore the following, to-wit: An additional sum in the amount of $2001000.00 is hereby transferred to said fund out of the operating surplus account of the Division of Electric Light and Power; additional payments into said fund shall be made monthly in the amount of $7,500.00 per month until said fund has reached a maximum of $1,000,000.00; provided, however, that there shall be at all times adequate monies in the account of said Division to meet current operating budget requirements. Introduced, considered favorably on first reading and ordered published this 13th day of December, A.D., 1962, and to be presented for final passage on the 3rd day of January, A.D., 1963. Mayor ATTEST: City Cle Fussed and adopted on final reading this 3rd day of January, A.D., 1963• Mayor ATTEST: City Cle k