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AN ORDINANCE AUTHORIZING THE CITY OF JONESBORO TO AMEND THE 2015 CAPITAL IMPROVEMENT FUND TO ADD $875,871 FOR THE CARAWAY ROAD BRIDGE REPLACEMENT OVER HIGGENBOTTOM CREEK PROJECT
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WHEREAS, the City of Jonesboro passed the 2015 Budget in Ordinance 14:074, which will need to be amended in order to effectuate said increase in the Capital Improvement Fund Budget for the Caraway Road Bridge Replacement over Higgenbottom Creek Project, the budgeted amount for the capital improvement budget will need to be increased a total of $875,871.
NOW, THEREFORE, BE IT ORDAINED by the City Council for the City of Jonesboro that:
1. The 2015 Capital Improvement Fund Budget is hereby amended to provide for an increase in the capital improvement fund of $875,871 for the Caraway Road Bridge Replacement over Higgenbottom Creek Project. The money for said increase will come from monies in the Capital Improvement Fund Reserve.
2. This ordinance being necessary for the financial continuity of the City of Jonesboro, Arkansas an emergency is declared to exist and this ordinance shall take effect from and after its passage and approval.
PASSED AND ADOPTED this 7th day of April, 2015.