Resolution Establishing Bond Construction Fund #1, Adopting Budget, and Making Appropriations for Bond Construction Fund #1 RESOLUTION ESTABLISHING BOND CONSTRUCTION FUND #1, ADOPTING
BUDGET, AND MAKING APPROPRIATIONS FOR BOND CONSTRUCTION FUND #1
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1. Be it resolved that the Board of Commissioners, Tigard
Water District, establishes Bond Construction Fund #1 to account for
the expenditures of the proceeds of bonds sold by the district on
October 1, 1971.
2. Be it further resolved that under the provisions of ORS
294.326(4) the Board of Commissioners, Tigard Water District, adopts
the following budget for the Bond Construction Fund #1 for the fiscal
year 1971-72.
Resources:
Proceeds from the sale of bonds $495,621.25
Interest Income (Oct 1, 1971 to June 30, 1972) 7,378.75
Total Resources: $5Q3,0QO
Requirements:
Personal Services: (Part-time and
goy additional labor). Total: $ 5,000.00
Materials and Services:
Printing of bonds $ 350
Professional fees:
Attorneys for bond issue 3,100
Engineer (Hi Tor reservoir) 8,900
Equipment rental 8,000
Pipe and fittings 98,000
Contractual services 144,000
262,350.00
Capital Outlay:
Land for #3 reservoir d improvements 7,000.00
Miscellaneous:
Semi-annual interest: Jan 1, 1972: $5,800
Semi-annual interest: Jul 1, 1972: 11,600
17,400.00
Contingencies: 11,250.00
"""'' Reserve for other projects next fiscal year
in accordance with bond issue: 200,000.00
Total Requirements; $503L000
Enclosure to minutes of March 14, 1972