HomeMy WebLinkAboutReso. 1987 - 185 - Adopting certain supplemental appropriations, calculated as of june 16, 1987 RESOLUTION NO. 81ISS`
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
APPROVING AND ADOPTING CERTAIN SUPPLEMENTAL APPROPRIATIONS,
CALCULATED AS OF JUNE 16, 1987 , AND TO BE EFFECTIVE FOR THE
REMAINDER OF THE FISCAL YEAR ENDING JUNE 30 , 1987.
WHEREAS, the City Council has previously adopted a budget
for the fiscal year ending June 30, 1987; and
WHEREAS, such budget contained estimated revenue and
appropriations for said fiscal year; and
WHEREAS, it has been determined by the Finance Director that
certain supplemental appropriations must be approved at this time
to balance the City' s accounts for said fiscal year.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Redding as follows :
1 . That the foregoing recitals are true and correct.
2 . That it is deemed to be in the best interests of the
City of Redding to approve and adopt the following supplemental
appropriation and fund transfer at this time.
3. That said adjustment shall be in accordance with
Exhibit "A" attached hereto and incorporated herein by reference
as though fully set forth at this point.
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 June , 1987 , and was
duly adopted at said meeting by the following vote:
AYES: COUNCIL MEMBERS: Carter, Fulton, Gard, Johannessen, & Dahl
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None"'
MIKE DAHL, Mayor
City of Redding
ATTEST: ! FORM 'PROVED:
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ETHEL A. NICHOLS, City Clerk RANDDALL A. HAYS, Corney
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• CITY OF ADDING
ITEM NO 4-9-2 c o� REPORT TO CITY COUNCIL
MEETING DATE 6/16/87
APPROVED BY
DEPARTMENT DIRECTOR
DATE: June 10 , 1987
/. B-050-100-000
CITY MANAGE %
FROM: Director of Finance
SUBJECT: Requesting Approval for Resolution
for Supplemental Appropriation
P.G. &E. Facility--Argyle Estates
Background
June 2 , 1987 , Council approved the sales agreement for the purchase
of Pacific Gas and Electric facilities in Argyle Estates. The
purchase price of the facilities is $84 , 645 . 00 . There is $75 , 000 .00
budgeted in the 1986/87 budget for this purchase.
Conclusions and Recommendations
Since Council approved the above request, we are requesting approval
for the required supplemental appropriation in the amount of
$9 ,645 . 00 and a resolution for that purpose is attached hereto.
Attachments
Resolution
"EXHIBIT A"