HomeMy WebLinkAboutORD 87-96 ORDINANCE NO.
ENTITLED AN ORDINANCE AMENDING THE BUDGET OF
THE CITY OF BEAUMONT FOR THE FISCAL PERIOD
COMMENCING OCTOBER 1 , 1987 AND ENDING
SEPTEMBER 30 , 1988 BY AUTHORIZING A LOAN OF
SEVENTEEN THOUSAND FIVE HUNDRED DOLLARS
( $17, 500 ) FROM THE UNALLOCATED FUND BALANCE
IN THE GENERAL FUND TO THE MARINA FUND AND
AUTHORIZING THE EXECUTION OF DOCUMENTS BY THE
CITY MANAGER.
BE IT ORDAINED BY THE CITY OF BEAUMONT:
That the budget of the City of Beaumont for the fiscal
period commending October 1 , 1987 and ending September 30 , 1988
be, and the same is hereby, amended to authorize the transfer of
Seventeen Thousand Five Hundred Dollars ($17, 500 ) from the
unallocated fund balance in the General Fund to the _Marina Fund,
the same to be designated as a loan from the General Fund to ti7e
Marina Fund.
BE IT FURTHER ORDAINED that the City Manager be, and he
is hereby, authorized to execute an amendment to the Management
and Concession Agreement with the Beaumont Yacht Club to provide
for additional improvements in the amount of Seventeen Thousand
Five Hundred Dollars and additional payments from the Yacht Club
over the fifteen ( 15) year term of the agreement to repay the
City the $17 ,500 plus accruing interest.
PASSED BY THE CITY COUNCIL of the City of Beaumont this
the day of � �� 1937..
Mayor -