HomeMy WebLinkAboutCC Res 2924 1979-10-29
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RESOLUTION NO. d)9.:2 i
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A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF SEAL BEACH, CALIFORNIA, AMENDING
THE 1979-80 WATER UTILITY BUDGET.
~JHEREAS ,
it has been deemed necessary to perform certain improvements
on the City Water Reservoir; and
it is recognized the lowest responsible bid to perform said
improvements was $165,000 higher than the budgeted amount
of $400,000; and
it is deemed necessary to modify the 1978-79 budget to cover
the increased cost of improvements.
WHEREAS,
WHEREAS,
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NOW, THEREFORE, BE IT RESOLVED that the budgeted loan payment of
$80,000 due March 1, 1980 be deferred until March I, 1981,
ALSO BE IT FURTHER RESOLVED that the budgeted administrative transfer
of $75,000 be deleted from the 1979-80 budget.
PASSED, APPROVED AND ADOPTED by t~);~ Council ~ tbe Jity;{f Seal
Beach at a meeting held the ~ - day of(.f!t!Z:!.~, 1979
by the following vote: .
AYES:
NOES:
ABSENT:
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ATTEST:
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C.ity C er.
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