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HomeMy WebLinkAboutCity Council Resolutions (R-78-160)-03/21/1978 STATE OF TEXAS X COUNTY OF TARRANT X CITY OF COLLEYVILLE X RESOLUTION R-78-160 A RESOLUTION EXTENDING THE TIME FOR REPAYMENT OF $60,000.00 TO THE SEWER FUND RESERVE. WHEREAS, the City of Colleyville used funds from the Util ities Fund Savings intended for future sewer expanison use; and WHEREAS, the City Council feels this money should be put in a Sewer Fund Reserve for future sewer system expansion; and WHEREAS, the funds were appropriated in the 1977-78 Budget to meet this obl igation; and WHEREAS, the funds were to be repaid on or before March 20, 1978 from the Debt Service Fund; and WHEREAS, the funds to repay this note will not be available until September 30, 1978 due to other debt requirements; THEREFORE, BE IT RESOLVED, BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE THAT the $60,0000.00 used from the Util ities Fund Savings should be paid to the Sewer Fund Savings on or before September 30, 1978, from current years revenues. ADOPTED AND PASSED BY THE CITY COUNCIL of the City of Colleyville, Texas, on this the 21st day of March, 1978. APPROVED: ATTEST: cfjJka~ LaVada Johnson City Secretary lvj