HomeMy WebLinkAbout1972-1369 ORDINANCE NO. /?4)'
AN ORDINANCE appropriating the amount of $75,000 within 382-Cumulative
Reserve Fund for Capital Improvements and transferring
that amount from that fund to 143-Urban Arterial Street
Fund.
WHEREAS, money is available in 382-Cumulative Reserve Fund for
Capital Improvements for appropriation therein and for transfer to
143-Urban Arterial Street Fund to repay loans to that fund and to make
current payments due on arterial improvement projects, all as contem-
plated and authorized by this ordinance in accordance with applicable
budget laws, including Chapter 3.80, "Cumulative Reserve Fund for
Capital Improvements", of the City of Yakima Municipal. Code, and
WHEREAS, at the time of the adoption of the 1971 Budget, it could
not reasonably have been foreseen that the appropriation and transfer
provided for herein would be required, and the City Council finds that
the best interests of the City require that such appropriation and
41 0transfer be made, now, therefore,
BE IT ORDAINED BY THE CITY OF YAKIMA:
Section 1. The amount of $75,000 is hereby appropriated within
382-Cumulative Reserve Fund for Capital Improvements for transfer te
143-Urban Arterial Fund for expenditure therefrom to repay loans to
that fund and to pay current project costs.
Section 2. The amount of $75,000, appropriated by Section 1 of
this ordinance, is hereby transferred from 382-Cumulative Reserve Fund
for Capital Improvements to 143-Urban Arterial Street Fund for the pur-
poses mentioned in Section 1 of this ordinance.
Section 3. The Director of Finance and City Treasurer of the City
•of Yakima are hereby authorized to make thP necessary transfeLs to carry
out this ordinance.
Section 4. This ordinance is one making an appropriation and shall
take effect immediately upon its passage, approval and publication as
provided by law and by the City Charter.
PASSED BY THE CITY COUNCIL, signed and approved this day of
410
19 7.
Mayor
ATTEST;
City Clerk
411
2