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HomeMy Public PortalAboutORD-CC-1980-044,t4ra 4"/ 414 ( • ORDINANCE NO. 4-80 The City Council of the City of Moab, in regularly scheduled meeting, after due consideration, does hereby declare by ordinance the policy decisions heretofore made respecting the accumulation of Federal Revenue Sharing Monies for capital improvement fund purposes here- tofore designated, to wit: A Municipal Swimming Pool, and Therefore, in furtherance of such policy previously declared, BE IT ORDAINED by the City Council of the City of Moab that within the General Fund of its budget be established a capital improvement fund, and Be it further ordained, that of the funds previously set aside from Federal Revenue Sharing for Capital Improve- ments, the sum of $225,000.00 be allocated for a municipal swimming pool, to beheld and accumulated with other monies set aside or to be set aside for the same purpose, and Be it further ordained that the fund so set aside be accumulated in annual increments so that the sum of $820,000.00 be available for the commencement of construc- tion as early as the first of January, 1986, and for the completion of construction by the end of December, 1990. Done in Council this 17A day of June, 1980.