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Ordinance 1891-92
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Ordinance 1891-92
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Ordinances
Ordinance Number
1891-92
Date
9/23/1992
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the System as may be found necessary or desirable. <br /> Implementatibn or completion of any specified improvement shall <br /> not be required if the Council determines that, due to <br /> substantially changed circumstances, it has become inadvisable or <br /> impractical . If the Project has either been completed, or its <br /> completion duly provided for, or its completion found to be <br /> impractical, the City may apply the Project Bond proceeds or any <br /> portion thereof to other improvements to the System, as the <br /> Council in its discretion shall determine . In the event that the <br /> proceeds of sale of the Project Bonds, plus any other moneys of <br /> the City legally available, are insufficient to accomplish all of <br /> the Project provided by this section, the City shall use the <br /> available funds for paying the cost of those improvements for <br /> which the Bonds were approved deemed by the Council most <br /> necessary and to the best interest of the City. <br /> The City shall acquire by purchase, lease or condemnation, <br /> all property, both real and personal, or any interest therein, or <br /> rights-of-way and easements which may be found necessary to <br /> acquire, construct and install the Project. <br /> The estimated cost of this plan of additions and betterments <br /> and all costs incidental thereto, is hereby declared to be as <br /> nearly as practicable the sum of $23, 212, 248, of which $8, 000, 000 <br /> is to be provided out of the proceeds of the sale of the Project <br /> Bonds, and the remainder is to be provided from other available <br /> funds of the System <br /> 17 FWwo03.DOC avosrn <br />
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