Ordinance No. 81-47 e
CITY OF TIGARD, OREGON
ORDINANCE No. 81
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4.= AN ORDINANCE AUTHORIZING AND DIRECTING TRANSFER TO THE GENERAL FUND OF THE CITY
' OF TIGARD THE REMAINING MONIES IN THE SEWER IMPROVEMENT BANCROFT Y18 ACCOUNT,
FIXING AN EFFECTIVE DATE AND DECLARING AN EMERGENCY.
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THE CITY OF TIGARD ORDAINS AS FOLLOWS:
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Section 1: The City Council finds that all sewer assessment Bancroft Bonds issued
in connection with a certain sewer improvement district and termed
, = Bancroft #8 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 $1,478.05
which should properly be transferred to the general fund of the City
of Tigard.
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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 #8 Account in all respects by making the following transfers.
From: Bancroft # 8 Account 45-72120-811-008 - $1,478.05
To: General Fund Recovered Expenditures Account 05-00000-402-OOK - $1,478.05
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 3
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
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become effective upon its passage by the Council and approval by the Mayor.
PASSED: By vote vote of all Council members present, after being
-° read two tie by number and title only, this /,I--- day of
.✓yen e 1981. .
G Recorder
_* APPROVED: By the Mayor, this /g--day of �,�y �- , 1981.
a.
5Mayor
a ORDINANCE No. 81-d/