HomeMy WebLinkAbout1979 Resolution No. 004..
•
•
,,
RESOLUTION NO.
,,
, SERIES OF 1979
A RESOLUTION AMENDING THE 1979 WATER FUND BUDGET.
WHEREAS, the City Council of the City of Englewood,
Colorado, has passed Resolution No. l, Series of 1979; and
WHEREAS, this Resolution No. 1, Series of 1979
eatabliahea payment to Martin Marietta for full settlement
of the Atchison Ranch case; and
WHEREAS, the Water Fund is responsible for payment
of thia settlement; and
WHEREAS, the Council is desirous of maintaining the
Water Fund'• present sound financial condition, that the fol-
lowing funds may be used to the extent necessary to supple-
ment the Water Fund if the payment of $750,000 should jeo-
pardize the current rates charged for water, or completion
of the capital improvements program currently under way •
Funds from Housing Authority Sale
General Fund
PIF
Self-Insurance Fund
(Police Professional Liability)
150,000
150,000
20,000
200,000
(Note the above sources are established in priority
use order. Thus Housing Authority funds of $150,000
would be used first and Self-Insurance Funds last.)
NOW, THEREFORE , BE IT RESOLVED by the City Council
of the City of Englewood, Colorado, as follows:
S_!!ction !~
The following estimated sources of funds and appro-
priation• are hereby made in the Water Fund:
Source of Funds
Retained Earnings
Appropriations
Administration and General
$ 750 .000
$ 750,000
·• •
•
•
-2 -
Section 2.
The City Manager and Director of Finance are hereby
authorized to make the above changes to the 1979 budget of the
City of Englewood.
ADOPTED AND APPROVED this 15th day of
January
~
ATTEST:
I, William D. James, ex officio City Clerk-Treasurer
of the City of Englewood, Colorado, do hereby certify that the
above and foregoing is a true, accurate and complete copy of
Reaolution No. d , Series of 1979, passed by City Council
on the 15th ~ ay of Japuarx , 1979.