HomeMy WebLinkAbout1971 Resolution No. 033RESOLUTION NO. 33, SERIES OF 1971
A RESOLUTION ADJUSTING APPROPRIATIONS IN THE SANITARY
SEWER PLANT REHABILITATION AND THE JEFFERSON SANITARY
SEWER EXTENSION; AND AUTHORIZING INTER-FUND LOANS TO
THE SEWAGE FUND FOR CASH DEFICITS TO BE ENCOUNTERED
BY SAID FUND IN FUTURE YEARS.
WHEREAS, the following capital improvement projects and purchases
will be made during 1971 in the Sewer Fund:
Sewer Plant Rehabilitation
Construction
Engineering
Land Purchase and Miscellaneous
Jefferson Sewer Line Extension
Construction
Engineering
Total 1971 Construction,
Engineering and Purchases
of which $440,000 has been appropriated; and
$1,320,000
118,700
104,700
90,000
8,400
$1,641,800
WHEREAS, future years revenue, as well as inter-fund borrowing,
i s neccss u ry to finance these projects ;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF ENGLEWOOD , J\RJ\PJ\llOE COUNTY, COLORADO, as follows:
Section 1. The following adjustment to the 1971 budget is hereby
authorized:
Increase i n Capital Outlay Appro-
priation $1,201.800
Section 2. The Director of Finance is hereby authorized to make
the inter-fund loans from various funds within the City of Englewood whose
cash would otherwise be invested to the Sewer Fund as required to maintain
a minimum cash balance in the Sewer Fund of $75,000 at all times. Said
loans are authorized for the years 1972 and 1973 at the interest rate which
the City is able to invest its idle funds at the time the cash is required.
Section 3. The City Manager and Director of Finance are hereby
authorized and directed to make the above changes to the 1971 appropriations
of the City of Englewood, Colorado.
ADOPTED AND APPROVED this 9th day of August, 1971.
/~~-MAYOR
ATTEST:
I, Stephen A. Lyon, ex officio City Clerk of the City of Englewood,
State of Colorado, do hereby certify that the above and foregoing_j.s a true,
accurate, and complete copy of Resolution No. 33, Series of 19
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