HomeMy WebLinkAbout1964-605 •
ORDINANCE NO.
1
AN ORDINANCE authorizing a temporary loan of money, not to exceed
$10,000 from 52-Water-Sewer Fund, to 3I-Street Fund, and
providing for the repayment thereof; appropriating money,
not to exceed $4,000, from unappropriated monies in
3I-Street Fund, to Account 7-02, Part Time, Temporary,
Overtime, and Special Assignment, of the Salaries and
Wages classification, and appropriating money, not to
exceed $6,000, from unappropriated monies in 3I-Street
Fund, to Account 7-31, Rentals, of the Maintenance and
• Operation classification, both of the 1964 appropriation
for 3I-Street Fund; and declaring a non-debatable emer-
gency.
WHEREAS, the Water-Sewer Fund, 52, of the City of Yakima currently
contains uninvested cash in excess of $10,000 which is available for
investment, and
WHEREAS, a temporary loan of money, not to exceed $10,000, into
the Street Fund, 31, of the City of Yakima is necessary in order to
pay expenses of snow removal, and
WHEREAS, the City Council finds it in the best interests of the
City to make a temporary loan of money, not to exceed $10,000, from
52-Water-Sewer Fund, to 3I-Street Fund, to be repaid on or before May
31, 1965, with interest at the rate of 31% per annum, and
WHEREAS, as such Money is loaned, as contemplated above, it is
necessary that it be appropriated to proper accounts to pay for over-
time and rental costs incurred by the City in snow removal operations,
and
WHEREAS, at the time of the adoption of the 1964 budget, it could
not have been foreseen that such a transfer and appropriation would
be required and the City Council finds that a non-debatable emergency
exists, of the type contemplated by R.C,W. 35.33.080, caused by an
unprecedented snow storm requiring emergency expenditures of an esti-
mated amount of $10,000, now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF YAKIMA:
Section 1. That a sum of money, not to exceed $10,000, be trans-
. ferred and loaned from 52-Water-Sewer Fund to 3I-Street Fund, said
loan to be repaid to 52-Water-Sewer Fund from 3I-Street Fund, together
with interest thereon at the rate of 3i% per annum, on or before May
31, 1965.
Section 2. That a sum of money, not to exceed $4,000, be appro-
priated from unappropriated money in 3I-Street Fund to Account 7-02,
Part Time, Temporary, Overtime, and Special Assignment, of the Salaries
and Wages classification of the 1964 appropriation for 31-Street Fund.
41, Section 3. That a sum of money, not to exceed $6,000, be appro-
priated from unappropriated money in 31-Street Fund to Account 7-31,
Rentals, of the Maintenance and Operation classification of the 1964
appropriation for 3I-Street Fund.
Section 4. That the Director of Finance and the City Treasurer
of the City of Yakima are hereby authorized to make the necessary
transfers, as the need therefor arises, in order to carry out this
ordinance.
Section 5. This ordinance is one making an appropriation to
authorize expenditures necessitated by a non-debatable emergericy, and
shall take effect immediately upon its passage, approval and publication
411
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• as provided by law and by the City Charter.
PASSED BY THE CITY COUNCIL, signed and apprOved this 28th day of
December, 1964.
ILL pjl0a6.4
•
Mayor •
ATTEST:
City Clerk
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