HomeMy WebLinkAbout1972-1376 ORDINANCE NO. /397.r
AN ORDINANCE authorizing a temporary loan of $65,000 from 463-Water-
Sewer Fund to 332-Fire Capital Fund and providing for
repayment; and appropriating $65,000 from unappropriated
money in 332-Fire Capital Fund to Account 522.50.61,
Land, of the 1972 appropriation for that fund.
WHEREAS, 463-Water-Sewer Fund contains unappropriated money
III available for investment by the temporary loan authorized by this
ordinance, and
WHEREAS, the amount of $65,000 must be loaned to and appropriated
in 332-Fire Capital Fund so that the City may acquire a fire station
site; and at the time of the adoption of the 1972 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. 35.33.091 and that it is in
the best interests of the City to make the appropriation herein pro-
vided, now, therefore,
BE IT ORDAINED BY THE CITY OF YAKIMA:
II/ Section 1. The amount of $65,000 is hereby loaned from un
appropriated money in 463-Water-Sewer Fund to 332-Fire Capital Fund,
such loan to be repaid from 332-Fire Capital Fund to 463-Water-Sewer
Fund on or before July 1, 1972, with interest at 5% per annum.
Section 2. As the loan is made, as authorized by Section 1 of
this ordinance, the $65,000 so loaned to 332-Fire Capital Fund is
hereby appropriated to Account 522.50.61, Land, of the 1972 appropria-
tion for such 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 an;approv;o 17th day of
IO
January, 1972.
• ' e •
ATTEST: Mayor
City Clerk