Ordinance No. 80-87 Y)
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CITY OF TIGARD, OREGON
ORDINANCE No. 80-
AN ORDINANCE AUTHORIZING AND DIRECTING TRANSFER TO THE GENERAL FUND OF THE CITY
OF TIGARD OF $1,540.79 REMAINING IN THE STREET AND SEWER IMPROVEMENT BANCROFT 416
ACCOUNT, FIXING AN EFFECTIVE DATE AND DECLARING AN EMERGENCY.
THE CITY OF TIGARD ORDAINS AS FOLLOWS:
Section l: The City Council finds that all street and sewer assessment Bancroft
Bonds issued in connection with a certain street and sewer improvement
district and termed "Bancroft #6 Account" have been paid and there exists no
outstanding obligations properly payable therefrom.
_ Section 2: The Council further finds that there is a balance on hand of $1,540.79
which should properly be transferred to the general fund of the City
of Tigard.
Section 3: The City Recorder be, and she is hereby, authorized and directed
pursuant to Chapter 294.475 O.R.S. to transfer all funds remaining in
"Bancroft 416 Account" in all respects.
Section 4: Inasmuch as it is necessary for the peace, health and safety of the
people of the City of Tigard that the accounting procedures of the City
be kept and maintained in current condition at all times and that all matters be
timely concluded, an emergency is hereby declared to exist and this ordinance shall
become effective upon its passage by the Council and approval by the Mayor.
PASSED: BylJLil7�a vote of all Council members present, after being
read two times by number and title only, this _27:/7 day of -
October, 1980.
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Recorder City of Tig d
APPROVED: By the Mayor, this Z7 day of October, 198 .
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' GRDINANU No. 80