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HomeMy WebLinkAboutOrdinance No. 0196CITYOFMEDINAbudgetORDINANCEmakingatransferinthe1966decreasingtheArterialStreetFundandincreasingBondFundNo5forthepaymentOfmunicipalindebtednessincurredinconstructionandimprovementofarterialhighwaysasauthorizedinsection2ofchapter79Lawsof1965RCW8236020THECITYCOUNCILOFTHECITYOFMEDINADOORDAINASFOLLOWSSection1TransferofArterialStreetMoniesThereisherebytransferreotItemArteraIStreetFundPublicWorkssCapitalOutlayConstructionExpendituresinthe1966Budgetthesumof350000reducingsaiditemto950000totheitemGOBondRedemptionandInterestFundNO5InterestandDebtRedemptionInterestincreasingthesamefrom1265000to1615000Section2PursoThepurposeofthisordinanceistopermitpaymentoaebtednessoftheincurredafterCityJune121963intheconstructionimprovementandrepairofarterialhighwaysasthattermisdefinedinRCW4604030applicationoftheCitysShareofmotorvehiclefuelexcisetaxdistributedforsucharterialhighwayimprovementSbeingapprovedbysection2ofchapter79Lawsof1965RCW8236020Section3CodeReferenceAllsectionshereofshallbeconsideredoftemporaryorspecialeffectSection4EffectiveDateThisordinanceshalltakeeffectonthe20tha6JuneI966PASSEDbyatleastonemorethanamajorityoftheCityCouncilonthe13thdayofJune1966andsignedinauthenticaOfsuohpassagethesamedaySTEPHENFCHADWFCKATTORNEYSOWDENCLERKMAYOR