Series 103 2002 ORDINANCES/RESOLUTIONS
Section 103-548; Ord. 17467; Appropriating Funds for the Designated Loan Fund to Acquire Property on Clarkson Road for Open Space and Park Purposes (Grasslands)
Bill No. B 334-02
appropriating funds from the Designated Loan Fund to acquire property on Clarkson Road
open space and park purposes; providing for repayment of the Designated Loan Fund; and fixing
the time when this ordinance shall become effective.
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBIA, MISSOURI, AS
SECTION 1. The sum of $ 680,000 is hereby appropriated
from the Designated Loan Fund
Account No. 710-0000-132.01-00 to the Grasslands Park Capital Project Account No. 440-8800-548.49-90
C00169 to purchase property on Clarkson Road for open space and park purposes.
SECTION 2. The Designated Loan Fund shall be repaid from
the following sources:
a. $400,000 from taxbills issued against
property in the benefit district described in
Ordinance No. 017433 passed on September 16, 2002.
b. $150,000 from private donations to
be received by the City at the time of closing on the
purchase of the property on Clarkson Road.
c. $130,000 from the sale of a portion
of the property on Clarkson Road.
SECTION 3. This ordinance shall be in full force and effect
from and after its passage.
PASSED this 21st day of October, 2002.