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10
ORDINANCE NO. 17,247
AN ORDINANCE APPROPRIATING $270,000 FROM THE CITY'S
EXCESS INTEREST EARNINGS ACCOUNT OF THE 1988 CAPITAL
IMPROVEMENT BOND FUND TO PROVIDE ADDITIONAL
FUNDING FOR THE ASHER AVENUE IMPROVEMENT PROJECT;
TRANSFERRING $696,855 IN RIGHT -OF -WAY FUNDS TO THE
PROJECT; AND FOR OTHER PURPOSES.
WHEREAS, the City continues to earn excess interest on the remaining proceeds of the
1988 Capital Improvement Bond Fund; and
WHEREAS, the Board previously appropriated funds for right -of -way acquisition and
these funds are needed to complete the project; and
WHEREAS, excess interest earnings had previously been appropriated.. to provide
additional funding for neighborhood streets projects, but adequate funding for those projects has
now been provided.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE
CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. There is hereby appropriated the sum of $270,000 from the City's excess
interest account of the 1988 Capital Improvement Bond Fund to the Asher Avenue project,
Account Number 301 - 220 -0542.
SECTION 2. The Finance Department is hereby directed to transfer $696,855 from the
Right -Of -Way project, Account Number 210- 220 -0028 to the Asher Avenue project, Account
Number 301 - 220 -0542.
PASSED: July. 16, 1996 .
ATTEST:
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APPROVED AS TO FORM:
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APPROVED:
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