Fort Walton Beach Resolution — 57-11--35,000 to Water Fund — reading text

RESOLUTION 57-11 A RESOLUTION AUTHORIZING THE CITY MANAGER AND THE CITY CLERK TO TRANSFER $35,000.00 FROM THE STREET ASSESSMENT PAVING FUND TO THE WATER FUND: ALSO $30,000.00 FROM THE STREET ASSESSMENT PAVING FUND TO THE GENERAL FUND AND DECLARING AN EMERGENCY. WHEREAS, The City of Fort Walton Beach, Florida, has not collected the major portion of revenue: necessary for the operation of the City at this time, and g a WHEREAS, The Water Fund of the City of Fort Walton Beach is lacking in its collections to pay outstanding bills accrued at prior times, and WHEREAS, The Water Fund of the City of Fort Walton Beach, Florida, has not arranged for additional bond financing to pay these accrued bills, and WHEREAS, the City has available to it from the Special Assessments Paving bonds monies which will not be needed in the immediate future. NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF FORT WALTON BEACH, FLORIDA: Section 1: That the City Manager be directed to transfer $35,000.00 from the Street Assessment Paving Fund to the Water Fund as a temporary loan until Jamary 15, 1958. Section 2: That the City Manager be directed to transfer $30,000.00 to the General Fund from the Street Assessment Paving Fund as a temporary loan until or prior to January 15, 1958, Section 3: That in order to .o.rovide for the immediate preservation of the public peace, health, safety and welfare, this Resolution is hereby declared to be an emergency measure and shall take effect immediately after its passage and approval by the Mayor. ADOPTED VANS 1T-19-5-7 APPROVED Ge EL Mayor ATTEST City Clerk