HomeMy WebLinkAboutReso 91-284 - Approve & Adopt the 2nd amendment to city budget reso No. 91-253 appropriating $ for the Redding Power Plant Program RESOLUTION NO.V-028
A RESOLUTION OF THE CITY OF REDDING APPROVING AND
ADOPTING THE 2nd AMENDMENT TO THE CITY BUDGET RESOLUTION
NO. 91-253 APPROPRIATING $743,020 FOR THE REDDING POWER
PLANT PROGRAM.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF REDDING:
THAT the Annual Budget Resolution No. 91-253 be and is hereby amended as
follows:
FUND DIVISION DESCRIPTION INCREASE DECREASE
142 859 ELECTRIC CAPITAL $743,020
THAT account titles and numbers requiring adjustment by this Resolution
are as follows:
SOURCE USE
OF FUNDS OF FUNDS
Decrease Fund Balance:
Electric Utility Fund
A/C No. 142-000-00-0000 Unappropriated Balance $(743,020)
Increase Appropriations:
Electric Capital
A/C No. 142-859-00-4147 Redding Power Program 743,020
$ -0- $ -0—
THAT THE PURPOSE is to appropriate $743,020 for the Redding Power Program.
THAT the City Council hereby declares its intention to undertake tax-
exempt financing to pay the costs of or to reimburse itself for costs incurred
i for the Redding Power program, subject to the final approval of the terms and
conditions of such tax-exempt financing at a subsequent meeting of the City
Council of the City of Redding.
i
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 16th day of
Tuly 1991, and was duly adopted at said meeting be the following vote:
AYES: COUNCIL MEMBERS: .Arness, Suffum, :Moss & Dahl
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Fulton _
ABSTAIN: COUNCIL MEMBERS: None
MIKE DAHL, Mayor
ATTEST: FORM APPROVAL:
ETHEL A. NICHOLS, City Clerk laNDALL A. HAYS, C' y 4Ctorney
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