HomeMy WebLinkAboutORD 93-10 - Sierra Microwave Granta
ORDINANCE NO. "
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WHEREAS, we entered into an agreement with Sierra Microwave Technology, Inc. and
the Department of Commerce to collect and remit grant repayments.
WHEREAS, we received funds from granting an easement through property occupied by
Sierra Microwave Technology, Inc. and agreed to pass the funds to Sierra.
WHEREAS, the receipts were unknown and unforeseeable at the time the Fiscal Year
1992/93 Budget was approved; and
WHEREAS, the City Charter allows for changes in the Budgeting by a Council of a
majority plus one in emergency situations;
iTHEREFORE,ORDAINED iCOUNCIL OF THE CITY
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SECTION 1.
The facts and recitations contained in the preamble of this ordinance are hereby found and
declared to be true and correct, and are incorporated by reference herein and expressly made a part
hereof, as if copied verbatim. The City Council hereby finds that this ordinance implements many
policies of the Century Plan- Policy Plan Element and most particularly implements Economic
Development Policy 1, which states "The City will encourage diversified growth and promote
business opportunities to create jobs, broaden the tax base and minimize the impact of economic
fluctuations" , and further finds that the enactment of this ordinance is not inconsistent or in conflict
with any other Century Plan Policies, as required by Section 2.03 of the Administrative Chapter
of the Policy Plan.
SECTION 2.
The amendment to the 1992/93 Budget of the revenues of the City of Georgetown and
expenses of conducting the affairs thereof, is in all things adopted and approved as an addition to
the previously approved budget of the current revenues and expenses as well as fixed charges
Budget Amendment No. ` "o
Page 1 of 3
against said City for the fiscal year beginning October 1, 1992, and ending September 30, 1993.
A copy of the amendment is attached hereto as Exhibit A, and incorporated by reference herein.
SECTION 3.
The total of $19,271 of receipts for the Special Revenue Fund Sierra Microwave Grant is
hereby appropriated for payments of expenditures and payments of the fund.
All ordinances and resolutions, or parts of ordinances and resolutions, in conflict with this
Ordinance are hereby repealed, and are no longer of any force and effect.
SECTION 5.
If any provision of this ordinance or application thereof to any person or circumstance, shall
be held invalid, such invalidity shall not affect the other provisions, or application thereof, of this
ordinance which can be given effect without the invalid provision or application, and to this end
the provisions of this ordinance are hereby declared to be severable.
SECTION 6.
The Mayor is hereby authorized to sign this ordinance and the City Secretary to attest.
This ordinance shall become effective immediately
PASSED AND APPROVED on First Reading on the 23rd day of February, 1993.
ATTEST:
t
Elizabeth Gray
City Secretary
Marianne Landers
City Attorney
Budget Amendment No. ` € `
Page 2 of 3
• Woolil
Mayor
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Annual Operating Plan Element (Budget) Amendment
Sierra Microwave Grant Special Revenue Fund;
Revenue
Cash Receipts $19,271
Expenditures
Pass through to TDOC and Sierra Microwave-19,271
Excess revenue over expenditures 0
0
Budget Amendment No.
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