HomeMy WebLinkAbout1978-060-08/15/1978-DIRECTING THE DIRECTOR OF FINANCE TO CLOSE OUT CERTAIN ACCOUNTS IN THE SPECIAL ASSESSMENT FUND AND T i
RESOLUTION 78-60
OF THE COUNCIL OF THE CITY OF FORT COLLINS
DIRECTING THE DIRECTOR OF FINANCE TO CLOSE
OUT CERTAIN ACCOUNTS IN THE SPECIAL ASSESS-
MENT FUND AND TRANSFER THE BALANCE THEREIN
TO THE SURPLUS AND DEFICIENCY ACCOUNT OF
THE SPECIAL ASSESSMENT FUND
WHEREAS, heretofore accounts in the Special Assessment
Fund were created for the following improvements districts,
to-wit- Sanitary Sewer Improvement District No. 55, Sanitary
Sewer Improvement District No. 56, Street Improvement District
No. 61, Street Improvement District No. 63, and Consolidated
Street Improvement District No. 65; and
WHEREAS, all outstanding bonds issued by the City in
connection with the improvement districts listed above have
been paid and retired, and
WHREAS, balances remain in the accounts for the special
improvement districts listed above as follows-
Name of Improvement District 5/31/78 Account Balance
Sanitary Sewer Improvement
District No. 55 $1,322.00
Sanitary Sewer Improvement
District No. 56 2,224 00
Street Improvement District No. 61 1,450.00
Street Improvement District No. 63 1,839.00
Consolidated Street Improvement
District No. 65 6,649.00
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
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 improvement
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 all 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 a regular meeting of the City
Council held this 15th day of August, A.D. 1
ATTEST. Ma
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