HomeMy WebLinkAboutResolution No. 88-24 CITY OF THE COLONY, TEXAS
RESOLUTION NO. ~-
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF THE COLONY, TEXAS AUTHORIZING THE TRANSFER
OF FUNDS FROM UTILITY CONSTRUCTION ESCROW
ACCOUNTS TO THE UTILITY DEBT SERVICE FUND;
AND PROVIDING AN EFFECTIVE DATE
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF THE COLONY, TEXAS:
Section 1. That $600,000.00 from Utility Construction
Funds shall be transferred to the Utility Debt Service Fund as
listed below:
Account Approximate Amount
1978 Construction Escrow $ 50,000.00
1980 Construction Escrow $ 80,000.00
1982 Construction Escrow $470,000.00
Section 2. That all cash transfers listed above are a
part of the 1988/89 Annual Budget as approved September 12, 1988
by the City Council of the City of The Colony, Texas.
Section 3. This Resolution shall take effect immediately
from and after its adoption and it is so ordered.
RESOLVED on this 3rd day of October , 1988.
Don A~ick, Mayor
ATTEST:
~...P.~OVED ~/7 FORM:
%'..,.. ...,.'"'
John Boyle, City Attorney