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Ordinance No. 0669
CITYOFMEDINAORDINANCENO669ANORDINANCERESCINDINGORDINANCENO661ANDAUTHORIZINGTHETRANSFEROF16592250FROMTHEGENERALFUNDTOTHEBONDREDEMPTIONFUNDFORTHEPURPOSESOFGOBONDREDEMPTIONWHEREASin1987theCityofMedinaissuedgeneralobligationbondsandWHEREASananalysishasbeendoneshowingthataredemptionoftheoutstandingbondswouldbefavorabletotheCityWHEREASOrdinanceNo661waspreviouslyadoptedbytheCityCouncawitherroneouslanguageNOWTHEREFORETHECITYCOUNCILOFTHECITYOFMEDINAWASHINGTONDOORDAINASFOLLOWSSECTION1TransferThefollowingamendmentsaremadetothe1999budgetfortheCityofMedinaTOBondRedemptionFund16592250FROMGeneralFund001508000116592250EndingFundBalance7670233SECTION2TheCityManagerisauthorizedtomakeanytransfersnecessarytocamoutthetermsofthisordinanceSECTION3OrdinanceNo661isherebyresdndedSECTION3EtfecliveDateThisordinanceshalltakeeffectfive5daysafteritspublicationorthepublicationofasummaryofitsintentandcontents PASSEDBYALEASTONEMORETHANAMAJORITYOFTHECITY1999ONOFITSPASSAGETHEDAYOFJulyApprovedastoformAttestKristenFinniyClerk7 SUMMARYOFORDINANCENO669oftheCityofMedinaWashingtonANORDINANCERESCINDINGORDINANCENO661ANDAUTHORIZINGTHETRANSFEROF16592250FROMTHEGENERALFUNDTOTHEBONDREDEMPTIONFUNDFORTHEPURPOSESOFGOBONDREDEMPTIONThefulltextofthisordinancewillbemaileduponrequestAPPROVEDbytheCityCouncilattheirmeetingofJuly121999FrLinnigerk