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HomeMy WebLinkAboutORD 3825r· ·., -,,· .. .-... · : .. -:.: ,, • JI" • \.' ': .. ·:. ;, 1· ,,._,.,, '_,__ -l ' .. · .. .. . '>okai.~rJc(NrJ.' 3~~~ · • .··... . . .. ..•. · ... 2 < ·'j: ··:.·.···· .. ·:·· .. -~ .. ·o~otNA.Nti ... bFc,T;~~~·;c~u·~~,iL1'• -~-·~~~ri~J~,:·::P;~\L:b···;,~2r;J''··~.·;.·.····::· .. , '.:· ' .. ·1 ' :.~ .::·· ,u\~:~> .. :i , . ,. ··· .. AMENOINU :;·oROJNANCE<•-~f9 ·t'dtfitco~tJ •. ·T.HE'i;l98$':.::$7'.A~.ti.':1'~:8r;•ea·:J,J/~TgR·,;; .•.. ·., ;.v:,: i>./':}:';~, ,,;···;;'./,:.·::1 , . UT!UTY SACK ~bHAS A tor~c;;·;;.·1"ERM.C:h\81 XUTY 'ro 'tHe·•w.~tF.R: F'uHb ''J:\NO A':'C6RRESPOt{C!NG 1 >~ ·:.;'·::,,;':i~ ,J . · · . . .· L(1AN RtCEIVA8LE YO THE·GEN'eRAt:. FUNU.. : : . . .. . .. ". ::.~.d ,. ··~ :_~ ~JHEHEJ\$, Ort.iiriance 3819 exc11;ded the Wa.ter UtilHy from. appropriat·:ng funds for th~ payment of 1986-87 .:rnd 1937-83 b9d rent to the General F1rnL'; rn::l WHE.R~AS, Counr n on .Jul .Y 18 acted to direct the C'lty M{magl~r to record the back rr~nt due to the Genera'! Fui~d as a l onrJ-terin 1ia!'.d1 ·i,t.v; ~nd ' WHEREAS, Council 1 ~ intent is to record the back rert as a liability on the v[o.terfu;1(fs. ba:a~1ce ~hc;et 1mti'I t!1e l~ater UU1 i(y rf~tutns to profit:i~ifity~ ~t whirh tim~ th~ liRhilitu w~ll hn. r~v~~~~rl! ~nri . -. . -. . . -. .. . .. . ... -. --"" . ~ . . ----· . .. . -· --"" " -·. . . . ~MtHF.AS~.{;oyr!c:·il '·s at.:tiQn resulted rrincipa1iy tr:orn nc:.~w info>"i,'lation whkil affech~rJ 19.86-87 &nd l987~B8, the back rent fo1•· bot.It )"t'.irf'f.. \V.~ "11 be charg~d ilS .a 1987.~8f~ operating expe.nse t.JJ the. Water f1rnd and a ccrrespondi ng revenue to the Garieral Fund; · , · . ', ·~ 1 i I. .:::l ·f ~· i. '•) \ NOW-.-TdtRF.FOREs die Council m Lr.e 1,.1'\;:; or P<'Jio P~ii;1.i UlltJS urul:lin <1.~, f 011 ows .:· , . ' ':,: i ........ ·. iEtn~H L ,~iii' i~d6~g,;;'f1'y~.H~n<!red .sf~fr"E1~ht T{\O#San{o,;e Hun~red an~.. ·.:.." ·;:· ....... ~ .•...•. ::_ .. ·111 ·, ..Sixty~FJ.J~ 00,Tlar·s,.·(~5~8,1~4) aricli fqr)98~.;"8~,;· fiVJ~ H(irdred: E·'ighty-Seven J,ho.us.a:rld., , · .. , .. , · .. . :/, Tw.Q .tiund{ed .and' ~~v:en · .. ($.'t;~l{ ti207).·W>r\e~~ttdeCf'. es '.\f ,i,orig~tenn li.a:bi 1 ity .Oil th.e ·.,·.·. _; . , . ., ' ... : I · ,···. ··:Jb·a1 ance·?s~fi~:t: ot;..~he,.,Water-.Jl'und· · .. ah~\~~:.'!IS·: .t6'rrCsp0nq i:hg 1 oan .• recf,)i~( able. 'on the , ··. · .. · .,,· ·,···.·"._ ..... ,.·_ ... ··.:_ .. ·.:.·_;_::",·i ,•:"1J.~J:~·nce·'::sfr~~t < of.: .. theJl~n~{~ar :eii:tnd}:· ·_:;: :;·'. .' < .:.': · · :.· .... . "'' . . . 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