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HomeMy WebLinkAboutResolution-1980-0725 " INTRODUCED BY COUNCILMEMBER MERKL RESOLUTION NO. 725 , Series of 1980 TITLE: RESOLUTION AUTHORIZING THE ESTABLISHMENT OF A PERMANENT EMERGENCY FUND AND SETTING FORTH GUIDELINES FOR THE EXPENDITURE OF SUCH FUNDS AND RESCINDING RESOLUTION NO. 620, SERIES OF 1978 WHEREAS, the City of Wheat Ridge is subject to unforeseen emergencies which could require a substantial outlay of funds on a moment's notice; and WHEREAS, such emergencies could include floods, explosions, civil commo- tions, falling aircraft, fire, major drainage disorders, and other civil disasters affecting the lives and safety of the citizens of the City; and WHEREAS, under these circumstances, it is in the public interest that authority be conferred in advance on the Mayor and/or City Administrator to take immediate action to protect the lives and property of citizens which could require the immediate expenditure of City funds; NOW, THEREFORE, BE IT RESOLVED THAT: 1. The City Administrator is hereby authorized and directed to cause a Permanent Emergency Fund to be created immediately and permanently maintained in the annual Budget of the City. 2. That the sum of $100,000 is hereby appropriated and authorized to become the Permanent Emergency Fund; and that the said Fund shall be permanently maintained, insofar as possible, at a minimum level of $100,000 at all times, subject to the disbursements or encumbrances during the year, if necessary, in accordance with this Resolution. 3. A. All expenditures from the Permanent Emergency Fund must be approved in advance by the City Council, except as provided elsewhere in this Resolution. If necessary, an emergency meeting of the City Council shall be called by the Mayor for the purpose of approving such expenditures unless it is impractical to do so. B. If a meeting is not held, then the Mayor or City Administrator is authorized to approve the di sbursements from the Fund, provi ded that a full report shall be made at the next regular meeting of the City Council giving the reasons, nature, and extent of such disbursements. 4. Funds deposited in the Permanent Emergency Fund shall be maintained in a separate, interest-bearing depository account with immediate availability by the City Treasurer. 5. Resolution No. 620, Series of 1978, is hereby rescinded. DONE AND RESOLVED by a vote of 6 December, 1980. to 1 on this 15th day of ATTEST: '---- ',c, '< I _ ..b", (f,,,- FRANK STITES, MAYOR --- / / - - - ~ ( ( 1- t r )~) ;:; , I CAROL F. HAMPF, CITY" CLERK