HomeMy WebLinkAbout06868ORDINANCE NO. 6868
AN ORDINANCE APPROPRIATING $135,000.00 FROM THE SEWER USER FUND TO BE USED
BY THE STORMWATER UTILITY ENTERPRISE FOR THE PURPOSE OF ENGAGING OLSSON
ASSOCIATES, LAKEWOOD, COLORADO, TO DEVELOP A STORMWATER UTILITY
IMPLEMENTATION PLAN AND TRANSFERRING FUNDS FOR SUCH PURPOSE
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that:
SECTION 1
The sum of $135,000.00 is hereby appropriated from the retained earnings of the Sewer User
Fund and transferred to the Stormwater Utility Enterprise to be used for the purpose of engaging
Olsson Associates, Lakewood, Colorado, to conduct a stormwater utility implementation plan. The
transfer of funds from the Sewer User Fund to the Stormwater Utility Enterprise shall be in a form of a
loan payable upon demand together with interest at the rate of five (5) percent per annum. The
Stormwater Utility Enterprise shall execute appropriate loan documents approved as to form by the
City Attorney.
SECTION 2
This Ordinance shall become effective upon final approval and passage.
INTRODUCED July 22, 2002
BY Al Gurule
Councilperson
APPROVED:
resident of City Council
ATTEST:
City C
PASSED AND APPROVED: August 12, 2002