HomeMy WebLinkAbout1977-074-12/13/1977-DIRECTING THE DIRECTOR OF FINANCE TO CLOSE OUT CERTAIN ACCOUNTS IN THE SPECIAL ASSESSMENT FUND AND T RESOLUTION 77-74
OF THE COUNCIL OF THE CITY OF FORT COLLINS
DIRECTING THE DIRECTOR OF FINANCE TO
CLOSE OUT CERTAIN ACCOUNTS IN THE SPECIAL
ASSESSMENT FUND AND TRANSFER THE BALANCE
THEREIN TO THE SURPLUS AND DEFICIENCY ACCOUNT
OF THE SPECIAL ASSESSMENT FUND
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WHEREAS, heretofore accounts in the Special Assessment
Fund were created for the following improvement districts,
to-wit Consolidated Street Improvement District No 59,
Street Improvement District No 60, Consolidated Street
Improvement District No 62, Water Main Improvement District
No 6, Consolidated Storm Sewer District No 14, Street
Lighting Improvement District No 4, Consolidated Sidewalk
Improvement District No 3 and Sidewalk Improvement District
No 4 and
WHEREAS, all outstanding bonds issued by the City in
connection with the improvement districts listed above have
been paid and retired, and
WHEREAS, balances remain in the accounts for the special
improvement districts listed above as follows
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Name of Improvement District 9/30/77 Account Balance
Consolidated Street Improve-
ment District No 59 $7,638 68
Street Improvement District
No 60 6,377 12
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Consolidated Street Improvement
District No 62 3,710 51
Water Main Improvement District
No 6 1,096 80
Consolidated Storm Sewer
District No 14 11,632 00
Street Lighting Improvement
District No 4 4,819 94
Consolidated Sidewalk Improve-
ment District No 3 2,635 14
Sidewalk Improvement District
No 4 (4,748 78)
and
WHEREAS, Section 20 6 (b) of Article 5 of the Charter of
the City of Fort Collins provides that when outstanding
securities for special improvement districts have been fully
paid, any balance on hand to the credit of the district is i
to be transferred to the Surplus and Deficiency Account
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE
CITY OF FORT COLLINS
Section 1 The Director of Finance is hereby authorized
and directed to close the accounts for the special improve-
ment districts listed above and to transfer all balances on
hand in said accounts to the Surplus and Deficiency Account
of the Special Assessment Fund and to pay any deficiency in ;
any account from the Surplus and Deficiency Account of the
Special Assessment Fund
Section 2 Any amounts received on account of any of
such districts in the future shall be paid into the Surplus
and Deficiency Account of the Special Assessment Fund
Passed and adopted at an adjourned meeting of the City
Council held this 13th day of December, A D 1977
ATTEST Mayor
City Clerk
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