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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