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HomeMy WebLinkAboutOrdinance No. 00860FORDINANCEN09ANORDINANCEappropriatircertainunanticipatedrevenuesaldmakingtransfersbetweenclassesinthe1959udgetWHEREAStheCityhasenjoyedcertainunexpectedrevenuebyirtueofapremiumreceivedbyvirtueofthedeliveryofitsbonsapproximatelyonemonthaftertheireffectivedateandWHEREASwithaportionoftheproceedsofthesaleofsuchbondstheCityHallpropertyheretoforeoccupiedbytheCityonarentalbasishasbeenacquiredandisinurgentneedofcertainimprovementsinthewayofrepairSnowthereforeFOLLOWSTHECITYCOUNCILOFTimCITYOFEDINADOORDAINASSection1AppropriationofunanticiatedrevenueTheamof18227realizedasapremiuminthemaleofbondsforthatpurposeisherebyappropriatedtothecurrentexpensefundcapitaloutlayforthepartleularitemPurchaseofflandforparksrecreationorCityHallandotherCitybuildingpurposesandimprovenBntthereofincludingextraordinarylegalexpensesandappraisalsifanyinsuchacquisitionandincludinglegalexpensesandprintingofGOBondsincreasingthatitemOSuchextentThesumof12581beingunanticipatedrevenuerealizedasapremiuminthesaleofbondsforthatpurposeisherebyappopiatedtotheCurrntEXpenseFundCapitalOutlayfortheparticularitemPurchaseofparsandplaygroundsasprovidedinOrdinanceNo56andNo61increasingsuchitemtothatextentSection2TransfersbetweenclassesThefollowingapprCpriatiorsintheCurrentExpenseFundarereducedtotheextentsindicatedthoseforMaintenanceandOperationtheparticularitemsRentOffiCeSpaceandElectionsandRegistrationsaredecreasedbytheamountof22000and39400respectivelyandunderInterestndDebtRedemptiontheiteminterestonGEWarrantsisdecreasedbytheamountof10000BytheamountofSuChdecreasesoratotalof71400thereshltbeatransfertotheclassCapitalOutlayintheCurrentExpenseFundincreasingtheitemPurchaseofLandsforFarksRecreationorCityHallendOtherCityBuildingPurrposesendImproementsThereofIncludingExtraordinaryLegalExpensesandAppraisalsIfAnyInSuchAcquisitionandInCludingLegalLExpensesandPrintirofGOBondsbytheamountof71400Section3CodeReferenceAllsectionshereofshallheconsideredofspecialortemporaryeffectSection4EffectiveDateThisOrxanccshallakeeffectonthe23rddayofSeptember1959PASSEDbyatleastonemorethanamajorityOftheCityCouncataCntinuedmeetingofthe06unCiionthel6thdayofSeptember1959andsignedinautheticatiaofsu6hpassgethesamedayLApovaatoformy0rI