7 of 1961 - A resolution transferring the amount of $133,796.97 from the Special Improvement Guaranty Fund of Sa Resolution No. -
By._-klsyor-.,I.-- acken.--Lee
Com M..lo.n
Transferring the amount of
$133,796.97 from the Special Im—
provement Guaranty Fund of Salt
Lake City to the General Fund of
Salt Lake City to be allocated to
departmental expenditures as
provided in the revised budget.
Presented to the Board of Commissioner
AND PASSED •
JU�N 11�\{ P
3 11961
N
CITY RECORDER
•
II
,/EC.102=0 6 so MAG.P.O.
ROLL CALL Salt Lake City,Utah, 3..9-9.0 ,196
VOTING Aye Nay
I move that the Resolution bef,•adog d.
Christensen . . _ 1 /
i
Harrison�. ../,_. a 'LA)2 //
aispeerfiti
Romney . . .
Mr. Chairman r RESOLUTION
Result . . . .
a:-
WHEREAS, by Section 10-7-56, Utah Code Annotated, 1953, as
amended by the Laws of Utah, 1961, the City is empowered to transfer
funds from the Special Improvement Guaranty Fund when the surplus
of said fund exceeds forty per cent of the average amount of all
outstanding special improvement bonds, notes, warrants or other
obligations of all special improvement districts during the preced-
ing three year period, and
WHEREAS, the said surplus in the Special Improvement Guaranty
Fund of Salt Lake City exceeds forty per cent of said obligations
by the sum of $133,796.97;
NOW, THEREFORE, BE IT RESOLVED BY the Board of Commissioners
of Salt Lake City:
That all surplus in the Special Improvement Guaranty Fund
exceeding forty per cent of the average amount of all outstanding
special improvement bonds, notes, warrants or other obligations of
all special improvement districts of Salt Lake City during the
preceding three year period, be, and the same hereby is, transferred
to the General Fund of Salt Lake City to be allocated to departmental
expenditures as provided in the revised budget. The amount to be
transferred at this time by this resolution is $133,796.97.
Passed this13th day of June, 1961.
Mayor
City A