§ 25.20.050. Multi-year contracts.

Latest version.

The municipality may acquire real property over a term extending beyond the current fiscal year:
A.

By a contract requiring funds from future appropriations, which contract is authorized by ordinance pursuant to Charter section 13.08(b); or

B.

By a contract not requiring funds from future appropriations, which shall mean a contract:

1.

As to which the chief fiscal officer certifies in accordance with section 6.30.050 that funds are available for the municipality's performance during the fiscal year in which the contract commences; and

2.

Under which the municipality's performance during succeeding fiscal years shall be subject to the availability of funds lawfully appropriated therefor.

(AO No. 79-170)

                    
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