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HomeMy WebLinkAbout1971-1323 ORDINANCE NO. /23 AN ORDINANCE appropriating the amount of $65,000 within 382-Cumula- tive Reserve Fund For Capital Improvements and trans- ferring that amount to 143-Urban Arterial Street Fund. WHEREAS, money is available in 382-Cumulative Reserve Fund For 41 1 Capital Improvements for appropriation therein and transfer therefrom to 143-Urban Arterial Street Fund, and WHEREAS, such appropriation and transfer are necessary in order to pay current obligations for various urban arterial projects presently under construction, and WHEREAS, the appropriation and transfer authorized by this ordinance are contemplated by and in accordance with the 1971 Budget, and this authorization for such appropriation and transfer* is made pursuant to and in accordance with requirements of Chapter 3.80, "Cumulative Reserve Fund For Capital Improvements", of the City of Yakima Municipal Code; and the City Council finds that the best interests of the City require that such appropriation and transfer be made, now, therefore, BE IT ORDAINED BY THE CITY OF YAKIMA: Section 1. The amount of $65,000 is hereby appropriated within 382-Cumulative Reserve Fund For Capital Improvements for transfer to 143-Urban Arterial Street Fund, which amount constitutes a portion of an amount of money appropriated within 143-Urban Arterial Street Fund by the 1971 Budget. Section 2. The amount of $65,000 so 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 0 expenditure therefrom in accordance with the 1971 Budget as mentioned in Section 1 of this ordinance. Section 3. The Director of Finance and the.City Treasurer of the City of Yakima are hereby authorized to make the necessary trans- fers to carry out this ordinance. � a Section 4. This ordinance is one making an appropriation and shall take effect immediately upon its passage, approval and publi- cation as provided by law and by the City Charter. PASSED BY THE CITY COUNCIL, signed and approved this 26th day 411 of July, uly, 1971. 1 z7-4 ",/," Mayor ATTEST City Clerk • - 2 -