HomeMy WebLinkAboutOrdinances - No. 1444' ORDINANCE NO. 1444
AN ORDINANCE OF THE LODI CITY COUNCIL
APPROVING AMENDED WATER CAPITAL IMPROVEMENT PROGRAM
FOR 1988/89
WHEREAS, the previous Water Capital Improvement Program
( Long-Term Fi nanci ng) approved by the City Counci 1 by Ordinance No.
1439 on November 2, 1988 was based on the City obtaining funding from
sales of Certificates of Participation with total expenditures being
made over a five-year period; and
WHEREAS, the City Council at its January 4, 1989 regular meeting
adopted Resolution 89-02 establishing new rates for water service,
which will now allow the City to use in-house financing rather than
Certificates of Participation for the Water Capital Improvement Program
funding;
NOW, THEREFORE, BE IT ORDAINED BY THE LODI CITY COUNCIL AS
FOLLOWS:
SECTION 1. The Water Capital Improvement Program for 1988/89 as
adopted by-Ordinance No. 1439 on November 2, 1988 is hereby amended by
repealing the portion shown as "Water 1988-89 Capital Improvement
Program (Long Term Financing)" and adding the projects shown on Exhibit
A attached hereto and incorporated herein by reference.
SECTION 2. All ordinances and parts of ordinances in conflict
herewith are repealed insofar as such conflict may exist.
SECTION 3. This ordinance shall be published one time in the "Locfi
News Sentinel", a daily newspaper of general circulation printed and
published in the City of Lodi and shall be in force and take effect
thirty days from and after its passage and approval.
Approved this 1st day of February, 1989
. JAMES W. PINKERTON, JR.
Mayor
Attest:
ALICE M. REIMCHE
City Clerk
State of.California
County of San Joaquin, ss.
I, Alice M. Reimche, City Clerk of the City of Lodi, do hereby certify
that Ordinance No. 1444 was introduced at a regular meeting of the City
Council of the City of Lodi held January 18, 1989 and was thereafter
passed, adopted and ordered to print at a regular meeting of said
Council held February 1, 1989 by the following vote:
Ayes :
Noes:
Council Members - Hinchman, Olson, Reid, Snider and
Pi n kerton (Mayor 1
Council' Members - None
Absent: Council Members - None
Abstain : Council Members - None
I further certify that Ordinance No. 1444 was approved and signed by
the Mayor on the date of jts passage and the same has been published
pursuant to law.
ALICE M. REIMCHE
City Clerk
Approved as to Form
BOBBY W. McNATT
City Attorney