HomeMy WebLinkAbout1972-1429 ORDINANCE NO. / 27
AN ORDINANCE authorizing a temporary loan of $12,000 from 463- Water-
Sewer Fund to 171 - Airport Fund, and providing for repay-
ment;.and appropriating the amount of $12,000 for expen-
diture from 171- Airport Fund.
• WHEREAS, 463- Water -Sewer Fund of the City of Yakima currently
contains cash in excess of $12,000 available for investment by making
the loan provided by this ordinance, and
WHEREAS, the amount of $12,000 must be loaned to and appropriated
in 171 - Airport Fund to provide funds for installing security fencing
at the Yakima Air Terminal, and
WHEREAS, the City Council finds it to be in the best interests
of the City to make a temporary loan, as authorized by this ordinance,
to be repaid with interest as provided herein, and
WHEREAS, at the time of the adoption of the 1972 Budget it could
not reasonably have been foreseen that such additional appropriation
III would be required; and the City Council finds that an emergency exists
of the type contemplated by R.C.W. 35.33.091 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 $12,000 is hereby authorized to be
transferred and loaned from 463- Water -Sewer Fund to 171 - Airport Fund,
said loan to be repaid to 463- Water -Sewer Fund from 171 - Airport Fund
on or before August 1, 1973, together with interest at the rate of 6%
per annum.
Section 2. As the loan authorized by Section 1 of this ordinance
• is accomplished, the amount of $12,000 is hereby appropriated from un-
appropriated money in 171- Airport Fund to Account 171.543.31.63,
Improvements Other Than Buildings, of the 1972 appropriation for 171 -
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 the provisions of 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 4/22,2 day
of ot, , " 1972.
Mayor
ATTEST:
c
City Clerk
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