HomeMy WebLinkAbout1987 03_OPWA_Transfer funds from OPWA to the General Fund_1987.09.01
RESOLUTION NO 87-03
OWASSO PUBLIC WORKS AUTHORITY
OWASSO, OKLAHOIvIA
A RESOLUTION TRANSFERRING THE PROCEEDS OF SALES TAX
REVENUE FROIvI THE OWASSO PUBLIC WORKS AUTHORITY TO THE
GENERAL FUND OF THE CITY OF OWASSO.
WHEREAS, the Owasso Public Works Authority is, by Resolution,
the recipient of sales tax revenue collected on behalf
of the City of Owasso and transferred to the Authority
by virture of Resolution No. 87-07, and
WHEREAS, it is now deemed necessary to provide for the appropia-
tion of said revenue to the General Fund of the City of
Oivasso:
BE IT RESOLVED BY THE TRUSTEES OF THE OWASSO PUBLIC WORKS AUTHORITY
Section 1 : It is hereby determined to be in the best interest
of the Authority and the citizens of Owasso that
all sales tax revenue transferred through Resolution
No. 87-07 be appropriated to the City of Owasso
General Fund.
Section 2 : There hereby is appropriated all proceeds of sales
tax revenue transferred to the Authority to the City
of Owasso General Fund for disbursement as prescribed
by the City Council.
Section 3 : The IvIayor, City Clerk and City Treasurer are hereby
authorized and directed, after having deposited the
revenue authorized by Resolution No. 87-07, monthly,
as received, to forthwith pay all of the sum to the
City of Owasso General Fund. A certified copy of this
Resolution shall constitute continuing authority to
make such monthly deposits and payments hereinabove
directed.
ADOPTED THIS FIRST DAY OF SEPTEIvIBER, 1987.
Von E Stockier Chairman
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