HomeMy WebLinkAbout1089 OrdinanceORDINANCE NO. p%J
AN ORDINANCE DECLARING AN EMERGENCY IN THE GOLF COURSE FUND,
APPROPRIATING THE SUM OF $4,212. 00 TO MEET THE EMERGENCY, AND
PROVIDING THE FUNDS THEREFOR.
WHEREAS the City Council planned to construct a parking lot for the
golf course from a Revenue Bond Issue under Ordinance No. 1056, and
WHEREAS the monies from the Revenue Bond Issue are exhausted and
irreparable damage would be done to work already completed unless the parking
lot is constructed at this time, all of which the City Council could not have foreseen
at the time of the adoption of the 1963 Budget, and
WHEREAS the sum of $4, 212. 00 is needed to complete the parking lot
construction, and an emergency exists relating to the need for such monies which
emergency is one other than those set forth in k.t.'W. 35. 33. 010, and
WHEREAS, the City Council deems it advisable to make a temporary
transfer loan from the Current Expense Fund to the Golf Course Fund to provide
the necessary monies for said emergency, NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF PASCO DO ORDAIN AS FOLLOWS:
Section 1. There is hereby appropriated the sum of $4, 212. 00 from the
Golf Course .Fund of the City of Pasco to meet the existing emergency in said
Fund to construct a parking lot at the golf course.
Section Z. The sum of $4, 212. 00 shall be transfered from the Current
Expense Fund to the Golf Course Fund as a temporary transfer loan to meet the
emergency. The sum of $2, 106. 00 plus interest at 4% per annum shall be budgeted
for repayment in 1964; and the further sum of $2, 106. 00 plus interest at 416 per
annum shall be budgeted for repayment in 1965. This loan has been approved by
the Finance Committee of the City of Pasco.
Section 3. This ordinance shall be in full force and effect after its passage
and publication as required by law.
PASSED by the City Council and APPROVED by the Mayor this
day of April, 1963.
M A Y O R
Attest:�le�
City -Clerk
Approved as to form::
City Attoxney
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„-eL4' / 9" / q6 3
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PASSED by the City Council and APPROVED by the Mayor this
day of April, 1963.
M A Y O R
Attest:�le�
City -Clerk
Approved as to form::
City Attoxney
r
„-eL4' / 9" / q6 3