HomeMy WebLinkAbout1969-1173 ORDINANCE NO.
AN ORDINANCE authorizing a temporary loan of $14,500 from 410 - Transit
Fund to 390 - Airport Fund and providing for repayment; and
appropriating the amount of $14,500 to Account 7 -340,
Stationary Equipment, Land, Building and Plant.-Main-
tenance and Operation, within the 1969 Budget for 390 -
Airport Fund.
• WHEREAS, Fund 410- Transit Fund of the City of Yakima contains
uninvested cash in excess of $14,500 which is available for investment,
and
WHEREAS, a temporary loan of $1+,500 to 390 - Airport Fund is
necessary in order to pay for the installation of a boiler and hot
water heater and miscellaneous items at the Yakima Municipal Airport,
and
WHEREAS, the City Council finds it to be in the best interests
of the City to loan the amount of $14,500 from 410- Transit Fund
to 390 - Airport Fund, to be repaid on or before December 31, 1970,
together with interest at the rate of 67 per annum, and
WHEREAS, as such loan is made, it is necessary that the amount
thereof be appropriated to Account 7 -340, Stationary Equipment, Land,
Building and Plant -- Maintenance and Operation, within said Fund for
the aforesaid purpose, and
WHEREAS, at the time of the adoption of the 1969 Budget it could .
not have reasonably been foreseen that such additional appropriation
would be required; and the City Council finds that an emergency exists
of the type contemplated in R.C.W. 35.33.090 and that it is in the best
interests of the City to make the appropriation herein provided, now,
therefore,
BE IT ORDAINED BY THE CITY OF YAKIMA:
Section 1. The amount of $14,500 is hereby transferred and
• loaned from 410 - Transit Fund to 390 - Airport Fund, said loan to be
repaid to 410 - Transit Fund from 390 - Airport Fund, together with
interest at the rate of 67 per annum, on or before December 31, 1970.
* n
.Section 2. As such loan and transfer is made, the amount of
$14,500 is hereby appropriated from unappropriated money in 390-
Airport Fund to Account 7 -340, Stationary Equipment, Land, Building
and Plant -- Maintenance and Operation, of the maintenance and opera -
tion. classification of the 1969 appropriation for 390 - Airport Fund.
• Section 3. 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 this 14th day
of October, 1969.
Ii
Mayor
ATTEST :..
City Clerk
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