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.