565RESOLUTION NO. 565
A RESOLUTION AUTHORIZING THE MAYOR AND CITY
CLERK TO TRANSFER FUNDS IN THE AMOUNT OF
$24,500.00 FROM THE EDGEWATER WATERWORKS
AND SEWER SYSTEM REVENUE FUND TO THE CITY
OF EDGEWATER WATERWORKS AND SEWER SYSTEM
RENEWAL AND REPLACEMENT FUND, REPEALING
ALL RESOLUTIONS IN CONFLICT HEREWITH
PROVIDING AN EFFECTIVE DATE THEREFOR. — v� CAJ
WHEREAS, the City needs to transfer funds into the Edgewater
Waterworks and Sewer System Renewal and Replacement Fund to
bring the balance in said Fund up to the amoAnt prescribed
by Ordinance No. 400, and
WHEREAS, said transfer is necessary to comply with all
F.H.A. regulations in order to secure financing from F.N.A.
for Water and Sewer expansion.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Edgewater, Florida, as follows:
SECTION 1. That the Mayor and City Clerk are hereby authorized
to transfer funds in the amount of $24,500.00 from the Edge-
water Waterworks and Sewer System Revenue Fund to the City
of Edgewater Waterworks and Sewer System Renewal and Replace-
ment Fund.
SECTION 2. That all Resolutions or parts of Resolutions in
conflict herewith be and the same are hereby repealed.
SECTION 3. That this Resolution shall take effect immediately
upon its adoption by the City Council and approval by the Mayor.
The foregoing Resolution was presented by Councilman Lodico
who moved its adoption, said motion being seconded by Councilman
Sikes
Upon roll call vote the said Resolution was duly declared
adopted at a special meeting of the City Council held on
the 4th day of February , 1975; the vote of said
Council upon roll call being as follows:
nciiman
ATFEST:
city C er
Approved this 4th day of
Lnt ruary 1 75.
n.e"ar _—
Mayor
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