Appropriating $92,985.00 from Water Works Budget

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ORDINANCE NO. to i27Y- 77 AN ORDINANCE APPROPRIATING $92,985.00 FROM WATER WORKS BUDGET FUND 30 DEPRECIATION FUND INTO LINE ITEM 710 BUILDINGS, STRUCTURES AND IMPROVEMENTS. STATEMENT OF PURPOSE AND INTENT: The Common Council on September 12, 1977 approved the Fifth Amendment to a contract entered into March 22, 1965 between Clay Utilities, Inc. and the City of South Bend, which amendment provided that if certain lease - purchase agreements between the City of South Bend and Clay Development Corp. and Clay Utilities, Inc. are executed, the City will purchase from Clay Development Corp., as assignee of Clay Utilities, Inc. certain wells and land heretofore purchased by Clay from Aqua, Inc. together with such additions, improvements, betterments, appurtenances, inter- connect and booster station at the price of $92,985.00. The said lease - purchase contracts have been approved by the Council and executed and the City should now proceed with the purchase of the herein stated facilities. NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, AS FOLLOWS: SECTION I. The sum of $92,985.00 is hereby appropriated from South Bend City Water Works Budget Fund 30, being the Depreciation Fund, into Line Item 710 for buildings, structures, and improvements. SECTION II. This ordinance shall be in full force and effect from and after its passage by the Common Council and approval by the Mayor. n-J "1EAD;1,jG /I;?- Ar - 72 Ivfll° APPROVED REFER ED PASSED / P_ ✓ ?' 7-7 Member of the Common Council FILED IN CLERK'S OFFICE 1977 Irene Gammon CITY CLERK, SOUTH BEND, IND.