HomeMy WebLinkAbout1978 Resolution No. 016,• -
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USOLDTIOR RO. 16 ___ , SIRIES or 1978
A RISOLDTIOR MlllDIRG TBE 1978 WATER ARD GBRBRAL PORO BUDGETS.
WBERIAS, the City Council of the City of Englewood
baa approved 1978 Water and General rund Budgets1 and
WBIRIAS, the City of Englewood bas issued $6,700,000
General Obligation Water rund Bonda, for iaprovements to the
water ayate• with eati•ated expenditures for 1978 of $2,342,0001
and
WBIRIAS, the City ia involved in protecting its interest
in water right• by retaining legal counaelJ and
WBIRIAS, the City ha• eati•ated aettleaent in an agree-
•ent for landacaping and other i11Prove•enta around storage re-
aerviora in Greenwood Village in the amount of $25,000J and
WBIRIAS, the City ha• a aettleaent liability of $10,000
in a litigation caaeJ and
WBIRIAS, the water charges have been increased to pay
for the bonded indebtne•• and related expenditure•J
ROW, TBIRIPORI BB IT RISOLVBD, by the City Council of
the City of Inglewood, Colorado, aa followsz
Section 1.
The following eatiaated revenues and expenditures are
hereby aade in the General rundz
Section 2.
Source of rund•
General Govern•ent
Appropriation•
City Attorney
$ 33,000
$ 33,000
The following eati•ated revenues and expenditures are
hereby •ade in the Water Pundz
Source of runda
Water Sale•
Intereat on Invested Punds
Retained Barning•
$ 655,210
316,000
1,438,790
$ 2,410,000
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Section l.
-2 -
Appropriation•
Source of Supply
Power and Pumping
Purification
Tranaaiaaion and Diatribution
Ad•iniatration and General
TOTAL
$ 236,000
4,500
966,500
1,164,000
39,000
$ 2,410,000
The City Manager and Director of Pinance are hereby
authorised to aate the above change• to the 1978 budget of the
City of Inglewood.
ADOPTID ARD APPROVBD this ~· .....
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February , 1978.
c z-.... ~-r r
ATTIST1
I, Willia• D. Jaaes, ex officio City Clerk-Treasurer, of
the City of Inglewood, Colorado, do hereby certify that the above
and foregoing i• a true, accurate and coaplete copy of Resolution
Ro. 16 , Serie• of 1978.