HomeMy WebLinkAboutresolution.council.002-63 RESOLUTION
WHEREAS, the City Council for the City of Aspen after inves-
tigation and study of the accounts of the Electrical Operating Fund,
advises that there is a surplus in said fund of approximately
$20,000.00, that is not needed in said Electrical Fund for operation,
maintenance or repair or to meet debt service;
WHEREAS, the City Council finds that it is for the best inter-
ests of the City to transfer $15,000.00 from the Electrical Operating
Fund to the General Fund to be credited to revenues for new construction
of streets and alleys, and that said City Council further finds that
$5,000.00 should be transferred from the Electrical Operating Fund
to tk- ~ ..... ~ .... ~ ....... ~ ~ ~
.......... i ..... ~-.~::~ s~u~_ os _ne ~'~ater Operating Fund for the
~purpose of meetzng=o~lzgations of the City for maintenance, repair
and improvements o~ ~he water system owned and operated by the City;
~EREAS the transfer of these funds to the ~oregoing accounts
will not cause the City to exceed its total budget for 1963, and that
the transfer of said funds is necessary to protect the health, safety
and welfare of the inhabitants of the City of Aspen.
NOW, THEREFORE,"BE IT RESOLVED:
1. That there sh~ll be transferred ~rom the Elec~zical
Operating Fund the sum of $15,000.00 to the General Fund to be
credited to revenues for new construction of streets and alleys;
2. That there shall be transferred from the Electrical
~ Operating Fund the sum of $5,000.00 to ~ ~::~ra! Fun~ no ~hc
=~he Water Operating Fund for abe puroose o~ mee~in~
J~oblzga~_ons oz ~he Cz~y .~or mazn~enance, repazr and zmprovemenls
of the water system owned and operated by the City;
3. That the City Clerk and the City Treasurer shall be
are hereby directed and authorized to effect the transfer of the
foregoing amounts as herein provided."
and
See Minutes of August 5, 1963, for motion to adopt the above
Resolution.