Res 29-66 RESOLUTION NO. 29-66.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF DELRAY BEACH, FLORIDA PERTAINING TO THE
REIMBURSEMENT OF CERTAIN FUNDS FROM THE CON-
STRUCTION TRUST FUND TO THE WATER REVENUE
FUND.
WHEREAS, Sub-section (C), Section 3 of the Construction
Trust Fund Agreement, dated January 4, 1966, between the City of
Delray Beach, Florida and the First National Bank of Delray Beach,
provides that the City may reimburse itself for amounts paid
directly by the City for the cost of the construction of additions,
extensions and improvements to the Sanitary Sewer System; and
WHEREAS, there were certain amounts paid for the con-
struction of additions, extensions and improvements to said Sani-
tary Sewer System so as not to forfeit interest on investments of
the Construction Trust Fund which should be reimbursed to the Water
Revenue Fund from said Construction Trust Fund;
NOW, THEREFORE, BE IT RESOLV~.D BY THE CITY COUNCIL OF
THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS:
That the Water Revenue Fund shall be reimbursed from the
Construction Trust Fund for the following disbursements:
Voucher 1181 March 9,' 1966 Bumby & Stimpson $ 91,580.01
Voucher 1192 March 30, 1966 H & S Constructors 21,513.48
Voucher 1196 April 21, 1966 Bumby & stimps.on~ !05~92.8.50 _
TOTAL $219,021.99
PASSED AND ADOPTED this 25th day of July, 1966.
MAYOR ~
ATTEST:
City ~-