HomeMy WebLinkAbout1981 Resolution No. 030•
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RESOLUTION NO. ~
SERI ES OF 1981
A RESOLUTION AUTHORIZING AND APPROPRIATING THE USE OF RESTRICTED CASH WITHIN
THE SEWER FUND OF THE CITY OF ENGLEWOOD, COLORADO, FOR INTERIM FINANCING FOR
TllE CONSTRUCTION OF THE NORTHEAST ENGLEWOOD SEWER LINE.
WHEREAS, the City Council of the City of Englewood, Colorado, has
determined that It Is necessary to Improve the Englewood sewer collection sys-
tem In Northeast Engle~; and
WllEREl\S, Ho I s.-n Cone:: ru tu Produc:: ts Coeaipany hils submi t tod .'.l bid in the
amount of $1,~37,012; and
WHEREAS, Use Tax Bond proceeds will not be available until approxi-
m11 tcly Septent>er, 1981, and Interim financing Is needed to accept said bid
proposal; and ·
WHEREAS, sufficient funds are available within the Sewer Restricted
Cash account for said lnterl• financing and will be repl~ced with bond proceeds;
NOW, THEREFORE, IE IT RESOLVED, by the City Council of the City of
Engl ~wood, Colorado, as follows:
Se c t ion 1 •
The fol lowing .'.lpproprltltions are hereby made in the Sewer Fund:
Source of Funds
Sewer Fund Restricted Cash and
lk>nd Proceeds
/\f 'I' rup r i J l i o n
Northeast Sewer Line Construction
Section 2.
$ 1,600,000
$ 1,600,000
Th e City Hilnagcr a nd Di rector of Finance are hereby authorized
to make t he above changes in the 1981 Budget of the City of Englewood.
ADOPTED AH O APPROVED this /S'tliday of ~ , 1981. ~ ~,£~ ...,ya;