HomeMy WebLinkAbout1969-1157 ORDINANCE NO.
AN ORDINANCE authorizing a temporary loan of $10,000 from 410-Transit
Fund to 390-Airport Fund, and providing for the repayment
thereof; and appropriating the amount of $10,000 to the
• various accounts within 390-Airport Fund for expenditure
during the year 1969.
WHEREAS, 410-Transit Fund 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 $10,000 to 390-Airport Fund is
necessary to remodel the Central Building at the Yakima Municipal
Airport to comply with requirements of the lease agreement between the
City and the United States Department of Agriculture, and
WHEREAS, the City Council finds it to be in the best interests of
the City to loan the amount of $10,000 from 410-Transit Fund to 390-
Airport Fund to be repaid on or before December 31, 1970, with interest
at the rate of 6% per annum, and
• WHEREAS, as such loan is made, it is necessary that the money
be appropriated to proper accounts in 390-Airport Fund to remodel the
Central Building as mentioned above, all as provided hereinbelow, and
WHEREAS, at the time of the adoption of the 1969 Budget, it could
not reasonably have been foreseen that the appropriation provided for
herein 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 the best
interests of the City require that the loan and appropriation be made,
now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF YAKIMA:
Section 1. The amount of $10,000 is hereby loaned from 410-
Transit Fund to 390-Airport Fund, said loan to be repaid from 390-
Airport Fund to 410-Transit Fund, together with interest thereon at
0 the rate of 6% per annum, on or before December 31, 1970.
Section 2. The amount of $10,000 is hereby appropriated from
unappropriated money in 390-Airport Fund to the account and classifica-
tion, and in the amounts as follows:
Classification Account Amount
Salaries £ Wages 020 Part time, etc. $1,839.
Maintenance & Operation 220 City Gov't Services 560.
320 Equipment Rental 350.
520 Materials-Non Office 7,251.
all 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 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 passage, approval and publication
as provided by law and by the City Charter.
• PASSED BY THE CITY COUNCIL, signed and approved this 25th day of
August, 1969.
ATTEST:
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