2003-134 Ordinance - Laserfiche WebLink

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? CITY OF NORTH OLMSTED ORDINANCE NO. 2003-134 By: Mayor Musial AN ORDINANCE AUTHORIZING A TRANSFER OF FUNDS FROM THE BUS FUND TO THE GENERAL FUND IN THE AMOUNT OF TWENTY-SIX THOIISAND NINE HUNDRED FORTY-NINE DOLLARS ($26, 949) FOR MATERIALS AND PARTS REIMBURSEMENTS RECEIVED FROM THE GREATER CLEYELAND REGIONAL TRANSIT AUTHORITY (GCRTA) AS A RESULT OF THE 1999, 2000, 2001 AND 2002 ANNUAL AUDITS OF THE NORTH OLMSTED MUNICIPAL BUS LINE, AND DECLARING AN EMERGENCY. WHEREAS, the North Olmsted Municipal Bus Line has received, or is in the process of receiving, reimbursements in the total amount of Twenty-six Thousand Nine Hundred Forty-Nine Dollars ($26,949.00) from the Greater Cleveland Regional Transit Authority (GCRTA) for materials and parts used from its inventory in the years 1999, 2000, 2001 and 2002, and; WHEREAS, said reimbursements are provided for in Paragraph 10.2 of the Operating Agreement between the City and GCRTA, and are for the Bus Line's use of inventory materials and parts that were originally purchased prior to 1995 and were owned by the City; and WHEREAS, it is the desire of this Council to authorize and direct that a11 such funds received from GCRTA as reimbursement for said inventory materials and parts, and paid into the Bus Fund, be transferred from the Bus Fund to the General Fund; NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF NORTH OLMSTED, COUNTY OF CUYAHOGA, AND STATE OF OHIO: SECTION 1: That Twenty-Six Thousand Nine Hundred Forty-Nine Dollars ($26,949.00), representing reimbursement to the City of North Olmsted from the Greater Cleveland Regional Transit Authority (GCRTA) for inventory parts and material used during the period 1999 through 2002 and originally purchased and owned by the City prior to 1995, is authorized and directed to be transferred from the Bus Fund to the General Fund.