ORD 2550 Ordinance No . Page - 1
ORDINANCE NO , 2550
AN ORDINANCE appropriating $ 550 , 000 . 00 from the Library
Construction Fund to pay for books , the acquisition of land ,
machinery , and other improvements , and amending the Budget for the
year 2009 to provide for such expenditure .
WHEREAS , the remodeling of the Library was financed through the issuance of General
Obligation Bonds , and
WHEREAS , during construction , the Bond proceeds were invested and the City has received
$ 530 , 000 . 00 of investment earnings , and
WHEREAS , the City anticipates receiving an additional $ 20 , 000 . 00 in investment earnings , and
WHEREAS , the Library Board has identified certain equipment needed and the acquisition of
land for a parking lot as additional expenditures eligible for use of the Bond proceeds ,
NOW , THEREFORE , BE IT ORDAINED BY THE COUNCIL OF THE CITY OF CAMAS
AS FOLLOWS .
Section I
There is hereby appropriated from the Library Construction Fund the sum of $ 550 , 000 . 00 to
be allocated as follows .
Description Account Number Amount
Library Books & other materials 320 . 00 . 594 . 720 . 69 $ 100 , 000 . 00
Machinery and equipment 320 . 00 . 594 . 720 . 64 $ 290 , 000 . 00
Land 320 . 00 . 594 . 720 . 61 $ 105 , 000 . 00
Other Improvements 320 . 00 . 594 . 720 . 63 $ 55 , 000 . 00
Section II
Ordinance No . 2528 and the Budget for the year 2009 are amended to provide for the
aforestated expenditures .
Section III
This ordinance shall take force and be in effect five ( 5 ) days from and after its publication
according to law .
PASSED b the Council and APPROVED b the Mayor this / da of 2 09 .
y y y y .0�
n
SIGNED .
Mayor
ATTEST :
Clerk
APRR0VED as t form :
/
City Attorney