83-092 - 10-18 Appropriate Monies to Various Construction Funds (2)Resolution 83-92
October 18, 1983
Member Stockman introduced the following resolution and moved its adoption:
RESOLUTION APPROPRIATING MONIES TO VARIOUS CITY CONSTRUCTION FUNDS
WHEREAS, the City Council is desirous of implementing certain Capital
Improvement programs at this time; and
WHEREAS, the Council has determined that sufficient funds will be on hand
in the fund balance of the City's General Fund;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Golden
Valley that the following amounts be appropriated from the fund balance of the
General Fund:
1. $805,000 to the Brookview Construction Fund
2. $105,000 to the Community Center Improvement Fund; and
BE IT FURTHER RESOLVED that interest earned by the unexpended funds to
which these transfers are made shall be credited to the General Fund of the City
during the time of construction; and
BE IT FURTHER RESOLVED that upon completion of construction, any funds
remaining in the respective construction funds shall be transferred back to the
General Fund.
ATTEST:
Rosemary Thorsen,, RayQr
foregoing resolution was seconded by Homber
Mitchell and upon a vote being taken thereon, the following voted in favor
thereof: Anderson, Johnson, Mitchell, Stockman and Thorsen, and the following
voted against the same: none, whereupon said resolution was declared duly
passed and adopted, signed by the Mayor and her signature attested by the Deputy
City Clerk.