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ORDINANCE NO,
AN ORDINANCE authorizing a temporary loan of $15,150.00 from the
Accumulative Reserve for Domestic Water Supply Develop-
. ment Fund to 721-Fire Capital Fund, and providing for
the repayment thereof; appropriating the sum of $15,150.00
from unappropriated monies in 721-Fire Capital Fund, to
• Account 7910, Land, of the Capital Outlay classification
of the 1965 appropriation for 721-Fire Capital Fund.
WHEREAS, the Accumulative Reserve for Domestic Water Supply
Development Fund of the City of Yakima will contain uninvested cash
in excess of $15,150.00 which will be available for investment, and.
WHEREAS, a temporary loan of $15,150.00 into 721-Fire Capital
Fund of the City of Yakima is necessary in order to purchase real
property for a Yakima Fire Department training site, and
WHEREAS, the City Council finds it in the best iT of the
City to mak a temporary loan of $15,150.00 from th(
Reserve for Dpmestic Water Supply Development Fund o 721-Fire Capital
Fund for sur! : : - .rpos - e, said loan to be repaid on or I June 1,
411 1966, with intrest at the rate of 4% per annum, and
WHEREAS, as such money is loaned, as contemplated ehove, it is •
necessary that it be appropriated to the proper account to pay the
purchase price of said real property, and
WHEREAS, at the time of the adoption of the 1965 Budget it could
not have been foreseen that such a transfer and appropriation would
be required, and the City Council finds that an emergency exists of
the type contemplated by R.C.W. 35.33.090, and that it is in the best
interests of the people of the City of Yakima to make the transfer
and appropriation herein provided, now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF YAKIMA:
Section I. That the sum of 5I5,150.00 be transferred and loaned
from the Accumulative Reserve for Domestic Water Supply Development
Fund to 721-Fire Capital Fund, said loan to be repaid, together with
interest'thereon at the rate of 4% per annum, on or before June I,
1966, said repayment to be made from the proceeds of the special
property tax levy approved by the electorate of the City of Yakima
at the election held on November 3, 1964 pursuant to Ordinance No. 563
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of the City of Yakima, passed on September 14, 1964, by the Yakima
City Council.
Section 2. That the sum of 515,150.00 is hereby appropriated
. from unappropriated money in 721-Fire Capital Fund to Account 7910,
Land, of the Capital Outlay classification of the 1965 appropriation
III
for 721-Fire Capital Fund.
Section 3. That the Director of Finance and the City Treasurer
of the City of Yakima are hereby authorized and directed to make the
necessary transfers to carry out this Ordinance.
Section 4. This Ordinance is one making an appropriation and
shall take effect immediately, upon its passage, approval and publica-
tion as provided by law and by the City Charter.
PASSED BY THE CITY COUNCIL, signed and approved '.-,!- 1st day of
March, inb,
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ATTEST;
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