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HomeMy WebLinkAboutORD 2820•• • OKll:iiNAL' ORDINANCE NO. 2820 ORDINANCE OF THE COUNCIL OP THE CITY OF PALO ALTO AMENDING TRE BUDGET FOR THE FISCAL YEAR 1974-75 TO APPROPRIATE $462,200.TO PARTICIPATE WlTH OTHER AGENCIES IN THE ESTABLISI~NT OF A GEOTHERMAL STEAM DRILLING FUND WHEREAS, pursuant to the provisions of S~ction 12 of Article III of the Charter of the City of Palo Alto, the Council of the City of Palo Alto on June 25, 1974, did adopt.a budget for the fiscal year 1974-75; and WHEREAS, the joint development of .geothermal power sources· will be beneficial to the City of Palo Alto in meeting long-range elec­ tric energy needs; and WHEREAS 1 the budget for the fiscal-year 1974~75.should be_ amended to appropriate Four HundJ:ed.;Sixty:~Two~.Thousand.Two .Hundred Dollars ($462 ,200 ) .. to participate with other ,agencies .in the· estab­ lishment of a geothermal steam drilling fund; NOW, THtREFORE, the Council of the City of Palo Alto does ORDAIN as follows: SECTION 1. 'rhe 1974-75 appropriation for .the _Electric .Fund,.. Contract.Serv1ces, is increased by Four Hundxed -Sixty""=Two 'l!housand. Two Hundred Dollars ($462, 200) , and the unappropriated balanae _of . the Capital Improvement Fund is correspondingly decreased by a like amount. SECTION 2. The Council finds~ that .. this -ordinance is not .a -fdOV.":-: ernmental act1on as defined by Section 11.04.100 of the Palo Alto­ Municipal Code, and, therefore, rto environmental assessment is necessary. . SECTION 3. This ordinance· shall become,effective immediately as provided in Section 12 of Article I.II of .the .charter .and ..Section 2.04.375 of the Palo Alto· Municipal Code. INTRODUCED AND PASSED: October 7, 1974 AYES: NOES: t k . Henderson, Pearson, Rosenbaum, Sher Beahrs, Berwald, Clay, Coms oc , None ABSENT: Norton APPROVED: · · ~~*'-:t>.S..- APPROVED: , / -' '·'/'t,. :..--:-· {f/Z<'d ~~;..{ cl ContJTol er •/ CC'.