HomeMy WebLinkAboutO-0902 - Transfer of funds (Special)CITY 0 F MAR Y S V ILL E
Marysville,Washington
ORDINANCE NO ..~~~
An Ordinance of the City of Marysville providing
for the transfer of funds from the Water and Sewer
Revenue Fund to the Water and Sewer Bond Redemption
Fund 1975.
WHEREAS,Section 4 of Ordinance No. 873 adopted by the
City Council of the City of Marysville on September 22,1975 provides
for the annual transfer of revenues from the Water and Sewer Revenue
Fund to the Water and Sewer Bond Redemption Fund 1975.in such amounts
as are necessary,together with all ULID assessments collected,to .
pay the principal and interest on outstanding bonds;and
WHEREAS,on.July 1,1976 the Water and Sewer Bond Redemption
Fund 1975 will require a transfer in the amount of $FBI 8/~.gO in
order to pay said principal and interest;
NOW,THEREFORE,THE CITY COUNCIL OF THE CITY OF MARYSVILLE,
WASHINGTON no ORDAIN AS FOLLOWS:
Section 1.The Water and Sewer Revenue Fund contained in
the 1976 Budget of the City of Marysville 1s hereby decreased in the
amount of $J13,"'lS 1"8 ,~(),and said amount is hereby transferred to:the
Water and Sewer Bond Red~mption Fund 1975~
Section 2.The above?stated interfund transfer could not
reasonably beantlcipated at the time of adoption of the 1976 Budget,
and an emergency is hereby declared to exist.
PASSED by the City Council and APPROVED by the Mayor this
day of June,1976.
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