92-80 Transfer & close funds - Laserfiche WebLink

Home Browse Search

ORDINANCE NO. 92-80 BY: Gallagher, Graham, McBride, Salmon, Wendling, Brown, Chinnock AN EMERGENCY ORDINANCE authorizing the transfer of the balances of certain improvement funds and further closing those funds as of December 31, 1980. WHEREAS, certain improvement funds presently exist in the City of Lakewood and WHEREAS, the construct~.on phase for these construction funds have been completed, and WHEREAS, these dollars should be transferred by law to the Bond Retirement Fund, now therefore: BE IT ORDAINED BY THE COUNCIL OF THE CITY OF LAKEWOOD, STATE OF OHIO: Section 1. That the Director of Finance be and is hereby authorized to transfer the balances of the following improvement funds to the Bond Retire- ment Fund as follows: Franklin-Hilliard Street Resurfacing Fund City Portion Street Improvement Fund Recreation Center Improvement Fund (Senior Center Hopkins Fire Station Account Warren Road Property Improvement Fund Foster Pool Improvement Fund Clif$on Fire Station Improvement Fund Hospital Parking Garage Improvement Fund Winterhurst Improvement Fund Miscellaneous Improvement Fund Old Stone House Improvement Fund Section 2. That the Director of Finance be and is hereby authorized to close th~se accounts as of December 31, 1980 as all the improvements ~- related thereto have been completed. Section 3. This ordinance is hereby declared to be an emergency measure for the immediate preservation of the public property, health and safety and the usual daily operation of municipal departments. Further, provided it receives the affirmative vote of two-thirds of all members elected to Council, it shall take effect and be in force immediately upon its adoption and approval by the Mayor. App roved ://~./$,/~J~qO