HomeMy WebLinkAbout1959 Ordinance No. 028\
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BY AUTHORITY
ORDINANCE NO. 28 , SERIES OF 19 59
AN ORDINANCE FOR THE CREATION OF A SPECIAL FUND TO BE KNOWN AS THE
"lllPROVEllBHTS PRELIMINARY FUND" FOR THE PURPOSE OF DEFRAYING THE ADMINIS-
TRATIVE AND ENGINEERING COSTS OF IMPROVEMENT DISTRICTS PRIOR TO LEGAL FORMA-
TION OF SUCH DISTRICTS.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD,
COLORA.DO:
Section 1. There is hereby created a fund to be known as the
"Improvements Preliminary Fund" for the purpose of defraying the administra-
tive and engineering costs of improvement districts prior to legal formation
of such districts. Said fund shall be in1.tially established with the transfer
of General Fund moneys aF necessary to meet authorized expenditures from the
Improvements Preliminary Fund. Expenses incurred by the City of Englewood
preliminary to creation of improvements districts shall be paid from said
Improvements Preliminary Fund until the particular district is established
by ordinance and financing provided for said district. Upon creation of the
improvement district, the preliminary expenses paid on behalf of that district
shall be recompensed to the Improvements Preliminary Fund. When the Improve-
ments Preliminary Fund shall be no longer necessary, the residual balance
therein shall be returned to the General Fund of the City and the particular
und abolished by an ordinance. The Improvements Preliminary Fund shall also
be eligible to receive any other moneys as the City ~uuncil may lrum lime
~o LLme direct by resolution.
Section 2. This ordinance shall be and become effective as of
January l, 1960.
Passed on First Reading by the City Council of the City of
Englewood, Colorado, this 19th day of October, A.D. 1959, and ordered
published in full in the Englewood Herald and Enterprise.
Passed on Final Reading by the City Council of the City of
oglewood , Colorado , this 2nd day of November, A.D. 1959, and ordered pub-
1'-•bed in full in the Englewood Herald and Enterprise. ··
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I, B. O. Beausang, City Clerk-Treasurer, City of Englewood, County
of Arap•boe, State of Colorado, do hereby certify that the above and foregoing
ordinance was introduced, read, passed and ordered published as a bill in the
EnglewooJ Herald and Enterprise at a regular meeting of the City Council held
on the 19th day of October, A.D. 1959, and that at least 7 days after above
publicaticn as a bill, the above ordinance was approved, adopted and ordered
published in said legal newspaper by the City Council at a regular meeting
held on the 2nd day of November, A.D. 1959, as Ordinance No. 28, Series of
1959, of aaid City.
SEAL
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