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HomeMy WebLinkAboutresolution.council.009-61RESOLUTION WHEREAS, the City of Aspen has found it necessary in order to protect t'he public heal'th, safety and welfare of its inhabitants to rebuild a substantial portion of the water system owned and operated by said City~ WHEREAS, the progress of said work has and will re- quire the expenditure of approximately $55,000.00 for the calendar year 1961. WHEREAS. the Budget for the City of Aspen ~ppropriated the sum of $-~9,100o'00 for expenditure in the Elco'trio Oper- ating Fund and .upon.. examination thereof, it appears that $ 1~8,000o00 will not have to be spent from said Fund and that s~zd~am0Unt- Should be made available for expenditure for further capital improvements of the water system of said City and that said amount should be transferred from the Electric Operating Fund to the Special Water Fund of said City; W%{EREAS, the City of Aspen, in making said capital improvements to the water system, does not and shall not exceed the total Budget of $359,668o72 as provided in Ordinance Noo 12, (Series of 1960), WHEREAS, the capital improvements that have been made upon said Water system during the year 1961 and the addi- tional improvements yet to be made could not be anticipated at the timm the Budget for 1961 was prepared and that by reason thereof ~m emergency is foUnd to exists. NOW, THEREFORE, be it RESOLVED: 1o That the Treasurer for the City of Aspen, or such other properly designated officer, shall be and is hereby author- ized and directed to transfer from the Electric Operating Fund of the City of Aspen to the Special Water Fund for the City of Aspen the sum of $"~18~000o 00; 2. That said amount of money transferred to said Special Water Fund shall be expended for the capital improvement: of the water system for the City of Aspen in accordance with plans and specifications and p~oposed plans of file in the City of Aspen's official files.. 3. That this resolution shall be spread upon the minutes by the City Clerk for the City of Aspen° city See minutes of Regular meeting of August 21, 1961 for motion adopting resolution°