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<br />I <br /> <br />I <br /> <br />I <br /> <br />Sponsored by: Janke <br /> <br />CITY OF SEWARD, ALASKA <br />RESOLUTION 2000-061 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, <br />ALASKA, INCREASING THE LEGAL BUDGET FOR THE ELECTRIC <br />ENTERPRISE FUND FROM $15,000 TO $40,000 FOR THE 2000 BUDGET <br />TO COVER UNANTICIPATED LEGAL EXPENSES. <br /> <br />WHEREAS, several unanticipated legal expenses for the Electric Department Enterprise fund <br />have caused the 2000 budgeted amount of$15,000 to be exceeded by $4,085 YTD; and <br /> <br />WHEREAS, estimated expenses for the balance of the year are estimated to be approximately <br />$20,000; and <br /> <br />WHEREAS, sufficient funds are available from the Electric Department Retained Earnings <br />to fund this increase in budget; <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />SEWARD, ALASKA, that: <br /> <br />Section 1. The City Manager is authorized to transfer $25,000 from the Electric Fund <br />Retained Earnings Account 501-0000-3050 to Account 501-5400-5170, Legal. <br /> <br />Section 2. <br /> <br />This resolution shall take effect immediately upon its adoption. <br /> <br />PASSED AND APPROVED by the City Council of the city of Seward, Alaska, this 12th day <br />ofJune, 2000. <br /> <br />THE CITY OF SEWARD, ALASKA <br /> <br />C l2-, /3~~, <br /> <br />Edgar Blatchford, Mayor <br />