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ORDINANCE NO. / t
AN ORDINANCE providing for the appropriation of
$50,000.00 in the General Administration Fund
and declaring an emergency.
WHEREAS the 1970 budget appropriated insufficient funds
for operation of the Off- Street Parking Fund because it was not
contemplated that the purchase of the Anderson Ford property
would take place in 1970; and
WHEREAS under the Cities' contract with the Downtown
Parking Association it is imperative that this property be
purchased this year and an emergency exists; now, therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PORT
ANGELES as follows:
Section 1.
There is hereby appropriated the sum of $50,000.00 in the
General Administrative Fund for loan to the Off- Street Parking
Fund.
Section 2.
Said loan shall be repaid to the General Fund by the Off -
Street Parking Fund over a twenty -five (25) year period with
interest as set out in the above mentioned contract.
PASSED BY the City Council of the City of Port Angeles
and approved by its Mayor at a regular meeting of the Council
held on the /9 day of , 1970.
Attest:
B. B. McNEECE
City Clerk
Approved as to fo m:
( i, I
City Att. ney
PUBLISHED: