HomeMy WebLinkAboutCC RES 70-014 RESOLUTION PROVIDING FOR THE FINANCING OF THE 1970 CONTRIBUTION TO THE DEFICIT OF THE $815,000-1963 REFUNDING BOND ISSUE Meeting Sheet P'
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106123
Box: 36
Folder: CC RES 1970
Document: CC RES 70-014 RESOLUTION PROVIDING FOR THE
FINANCING OF THE 1970 CONTRIBUTION TO THE DEFICIT OF THE
$815,000-1963 REFUNDING BOND ISSUE
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RESOLUTION NO. 70-014
A RESOLUTION PROVIDING FOR THE FINAN-
CING OF THE 1970 CONTRIBUTION TO THE
DEFICIT OF THE $815,000-1963 REFUNDING
BOND ISSUE
WHEREAS, the Village Council by a Resolution adopted June 11 , 1963
provided for the funding of deficits in Street Improvement 1152-1 and Watermain
Improvement 1953-1 , and
WHEREAS, the Village Council at the time of the preparation of the 1970
Budget had under consideration the levying of a supplemental assessment against
abutting properties improved under the aforesaid Improvements, and
WHEREAS, after the holding of public hearings on the matter, and after
advice of Counsel , it was decided to continue to finance said deficits from
general revenue,
NOW THEREFORE BE IT RESOLVED that the sum of $30,000 be transferred
from the General Fund Reserve to Account #491-70 to provide for the annual deficit
contribution not funded in the 1970 Budget as adopted.
JAdopted this day of , 1970.
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ATTEST: Mayor
Villag Clerk
12,
Vi age Manager