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89. <br />ORDINANCE NO. 2008-54 <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF <br />SAN MARCOS, TEXAS, AMENDING THE CITY'S 2008-2009 <br />BUDGET TO TRANSFER $2,039,500.00 FROM THE <br />ELECTRIC UTILITY FUND BALANCE FOR SYSTEM <br />CAPITAL IMPROVEMENT PROJECTS; AND DECLARING <br />AN EMERGENCY. <br />RECITALS: <br />In accordance with Section 8.16 of the City Charter, the City Council declares that a <br />public necessity exists that requires an amendment to the City's 2008-2009 Budget. <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />SECTION 1. The City Budget Ordinance for the 2008-2009 Fiscal Year is amended by <br />transferring $2,039,500.00 from the Electric Utility Fund Balance to the System Improvements <br />Fund in order to capital improvement projects for the Electric Utility. <br />SECTION 2. These revisions and reappropriations will be incorporated into the 2008- <br />2009 City Budget. <br />SECTION 3. If any word, phrase, clause, sentence, or paragraph of this ordinance is held <br />• to be unconstitutional or invalid by a court of competent jurisdiction, the other provisions of this <br />ordinance will continue in force if they can be given effect without the invalid portion. <br />SECTION 4. All ordinances and resolutions or parts of ordinances or resolutions in <br />conflict with this ordinance are repealed. <br />SECTION 5. The importance of this Ordinance creates an emergency and an imperative <br />public necessity, and the provisions of the Charter requiring that ordinances be presented at two <br />separate meetings be waived and, this Ordinance will take effect upon its adoption. <br />PASSED, APPROVED AND ADOPTED on the 18th of November. 2008. <br />Attest: <br />Sherry M burn <br />City Clerk <br />?U?f ? <br />Susan Narvaiz <br />Mayor <br />AACityAttom C sentino <br />y