HomeMy WebLinkAbout1968 Ordinance No. 028'I
II
Introduced a• a Bill by Councilman Parkin•on
ORDDIAllCB II>. 28, SBRIBS OP 1968
All ORDDIAllCB RBPBALDIG, AllD RB-BDCTillG WITH AMBNDMBRTS,
15.2 OP TBB MUllICIPAL CCX>B OP 'l'BB CITY OP DGLB1IOOD, ABOLISBIRG
'l'BAT PU11D IC801lll AS 'l'BB "IMPROVBMBB'l'S PRBLIMIJIARY PUllD", TRARS-
PBRRDIG ALL PUllDS PRBSBll'l'LY STAllDillG '1'0 'l'BB CRBDIT OP SAm
•IMPROVBMDT QBLDIIllARY PUBD• '1'0 UBAPPROPRIA'l'BD SURPLUS OP
TBB GBllBRAL PUllD, AUTS>JUZIBG BXPBllDITURBS PROM SPBCIAL SUR-
PLUS AllD DBPIC:IBBCY PUllD, BSTABL:ISBBD BY SBCT:IOll 108 OP THE
CllAR'1'BR OP 'l'BB C:ITY OP BllGLBllOOD, POR DBPRAYIBG '1'BB ADM:IRISTRA-
TIVB COSTS AllD BllGDIBBRDIG COSTS POR DIPROVBMDT DISTRICTS,
RBQU:IRDIG TBB RBDIBURSBMB11'1' TO 'l'BB SUD SPBCIAL SURPLUS ARD
DBPieIBllCY PUJID OP ALL SUCH BXPBllD:ITURBS PROM 'l'BB PROCBBDS
OP 'l'BB SALB OP ARY SPBCIAL IMP~ DISTRICT 80111>8 OR PROM
TBB GBRBRAL P'UllD AllD DBCLARillG All BMBRGDCY.
BB :IT ORDAIBBD BY 'l'BB C:ITY COUllC:IL OP 'l'BB C:ITY
OP llllGLB'l-llOOD--., a• follow•1
Section 1. 15.2 of the Municipal Code of the City of
BDCJlewood l• hereby repealed, and re-enacted with •endments
to read a• follow•1
•15.2-1 Preliainarv SD&Cial Improvement Di•trict
Bxpenditure•.
Prior to the legal f oxmation of any •pecial improve-
•ent di•trict and the i•8Uance of •pecial improvement di•trict
bond• therefor, the Director of Finance i• hereby authorized
to pay all nece••ary admini•trative, engineering or other
co•t• incurred preliainary to the creation of any •uch district
fraa fund• •tanding to the credit of the Special Surplus and
Deficiency Pund of the City, e•tabli•hed by Section 108 of the
Charter of the City of Bnglewood.
15.2-2 Reimbura .. ent to Special Surplu• and Defi-
ciency PWid.
Upon creation of any such •pecial improvement ~district
for which fund• from the Special Surplu• and Deficiency Fund
have been apent, and the i•8Uance of apecial improvement
di•trict bond•, th• •aid Special Surplu• and Deficiency Fund
ahall be reillbur•ed for •uch expenditure• frcm the proceeds
of •aid bond i••ue. In the event the improv .. enta to be
con•tructed are not to be paid for by a •pecial improvement
di•trict bont i•8'19, or in the event that no special improvement
di•trict i• legally formed within a period of twenty-four (24)
110nth• fraa the date of the fir•t expenditure from the Special
Surplu• and Deficiency Fund, then, and in that event, the
•aid Special Surplu• and Defeciency Fund shall be reimbursed
fraa the General Fund within •aid period of time and City
Council •hall appropriate •uff icient fund• frcm the General
Pund a• may be nece••ary to provide for •uch reimbursement."
Lection 2. All fund• pre•ently •tanding to the
credit of tli; "Iaprov ... nt Preliminary Fund" on the effective
date of thi• ordinance mhall be tran•ferred to, and shall be
con•idered a part of, the unappropriated surplus of the
General Fund•
Section 3. In view of the fact that the funds pre-
•ently •tandlng to the credit of the "Improvement Preliminary
Pund" are urgently needed to be u•ed a• the Bnglewood City
Ball, Council hereby declare• that an •ergency exists
nec•••itiating the illlaediate pa••age of this ordinance to pre-••rve the public health, •afety and welfare, by reaeon of
which thi• ordinance •hall becaae effective illlaediately upon
it• final pa••aCJ•·
Introduced, read in full, pa••ed on f irat reading,
unan~aly approved by a quorim pre•ent on the &CJ day
of ~ , 1968.
~ Read y title and pa••ed on final reading on the
-~--day of , 1968.
Publ • ./1 aa "'an Ordinance ___ 11o • .zar; B , Serie• of 1968
on the Y day of L /_1 111/1.¥. 1968.
Alft'BST1
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