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AN ORDINANCE TO APPROPRIATE $21,189,704 IN THE CAPITAL <br />IMPROVEMENT FUND AND $5,334,000 IN THE PUBLIC UTILITIES CAPITAL <br />IMPROVEMENT FUND AND APPROVE THE FIVE YEAR CAPITAL <br />IMPROVEMENT PROGRAM. <br /> <br /> WHEREAS, the City Manager has submitted to the City Council the Capital <br />Improvement Program for 2005 through 2009, and the funding for year one of the Capital <br />Improvement Program; and <br /> <br /> WHEREAS, a public heating has been held to receive public comments on the <br />five-year Capital Improvement Program and on the funding for year one of the Capital <br />Improvement Program. <br /> <br />BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: <br /> <br /> 1. That the sums of $21,189,704 in the Capital Improvement Fund and <br />$5,334,000 in the Public Utilities Capital Improvement Fund, be, and the same hereby <br />are, appropriated for expenditure in the following categories and amounts to implement <br />the 2004-2005 Capital Improvement Program: <br /> <br />Capital Improvement Fund: <br /> <br />Drainage and Street Improvements <br />Education <br />General Government <br />Municipal Facilities <br /> <br />$ 2,726,233 <br />$ 5,922,971 <br />$ 1,595,000 <br />$10,945,500 <br /> <br />Total Capital Improvement Fund <br /> <br />$ 21,189,704 <br /> <br />Public Utilities Capital Improvement Fund <br /> <br />$ 5,334,000 <br /> <br /> 2. That the five-year Capital Improvement Program is approved with years <br />2006 through 2009 being non-appropriated subsequent planning years. <br /> <br />3. That this ordinance shall take effect on July 1, 2004. <br /> <br /> ADOPTED by the Council of the City of Portsmouth, Virginia, at a meeting held <br />on June 15, 2004. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br /> <br />