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HomeMy WebLinkAboutReso 91-252 - Approve & Adopt the 56th Amendment to the City Budget Reso 90-362 appropriating $ for the Redding Power Plant Acquisition & appropriating $ for the Clover Creek Drainage Project RESOLUTION NO. 9.1-252 A RESOLUTION OF THE CITY OF REDDING APPROVING AND ADOPTING THE 56TH AMENDMENT TO THE CITY BUDGET RESOLUTION NO. 90-362 APPROPRIATING $750,000 FOR THE REDDING POWER PLANT ACQUISITION AND APPROPRIATING $35,000 FOR THE CLOVER CREEK DRAINAGE PROJECT. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF REDDING: THAT the Annual Budget Resolution No. 90-362 be and is hereby amended as follows: FUND DIVISION DESCRIPTION INCREASE DECREASE. 142 859 ELECTRIC CAPITAL $750,000 128 561 CLOVER CREEK DRAINAGE 35,000 THAT account titles and numbers requiring adjustment by this Resolution are as follows: SOURCE USE OF FUNDS OF FUNDS Decrease Fund Balance: Special Development Fund A/C No. 128-000-00-0000 Unappropriated Balance $ (35,000) Electric Utility Fund: A/C No. 142-000-00-0000 Unappropriated Balance (750,000) Increase Appropriations: Storm Drain Capital Improvements A/C No. 128-561-00-4925 Clover. Creek Drainage 35,000 Electric Capital Outlay A/C No. 1427859-00-4157 Redding Power Plant 750,000 -0- _ $ -0- THAT the purpose is to appropriate $750,000 for the acquisition of the Redding Power Plant and $35,000 for the Clover Creek Drainage Project. NOTE: Clover Creek costs are fully reimbursable from the project trust account. I HEREBY CERTIFY that the foregoing Resolution was introduced and read at a regular meeting of the City Council of the City of Redding on the 24th day of June 19 91 , and was duly adopted at said meeting by the following vote: AYES: COUNCIL MEMBERS: Arness, Buffum, Fulton, .Iloss & Dahl NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: None ABSTAIN: COUNCIL MEMBERS: None n MIKE DAHL, Mayor U' ATTEST: FORM APPROVAL: ETHEL A. NICHOLS, City Clerk RAN LL A. HAYS, City Avtorney I