RESO 25-115 - Adopting Budget Amendments for the Acquisition of the New Public Works Facility PropertyRESOLUTION NO. 25-115
RESOLUTION APPROVING BUDGET ADJUSTMENTS FOR THE ACQUISITION OF
PROPERTY FOR A FUTURE PUBLIC WORKS SITE
WHEREAS, the City Council adopted Resolution No. 24-073 at the December 3,
2024 Council Meeting adopting the 2025-2034 Capital Improvement Plan; and
WHEREAS, the City has continued to pursue the acquisition of a property to hold a
future Public Works site; and
WHEREAS, the City has resources available for the purchase and development of
property for the Public Works facility that were not previously budgeted for use in 2025 as
part of the 2025-2034 Capital Improvement Plan; and
WHEREAS, the City is purchasing the Public Works site in December of 2025
funded by the ongoing collection of L ocal Sales Tax which is an eligible use of that funding
source; and
WHEREAS, sufficient local sales tax revenue has been collected to date to fund the
purchase of property for the new Public Works Facility.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Golden
Valley hereby authorizes and directs the Finance Director to make any and all necessary
alterations to the approved budget of the City, including increasing the Transfer Out budget
in the Local Sales Tax Fund (02070) by $6,900,000; increasing the Transfer In budget in the
Building Capital Project Fund (05200) by $6,900,000; and increasing the Capital Outlay
budget in the Building Capital Project Fund (05200) by $6,900,000.
Adopted by the City Council of Golden Valley, Minnesota this 2nd day of December, 2025.
_______________________________
Gillian Rosenquist, Mayor Pro Tempore
ATTEST:
________________________
Theresa J. Schyma, City Clerk
Docusign Envelope ID: 6905271C-38A5-433D-8CC8-18BA21C5387D