86-069 - 10-07 Adopting the 1987 Motor Vehicle Licensing Fund Budget Resolution 86-69 October 7, 1986
P�ember Johnson introduced the following resolution and moved its adoption:
RESOLUTIO�d OF THE CITY OF GOLDEN VALLEY, HENMEPIN COUNTY, MINNESOTA
ADOPTING THE 1987 MOTOR VEHICLE LICENSING FUND BUDGET
WHEREAS, pursuant to the provisions of Minnesota Statutes 412.701 and
412.711, the City P�anager has prepared the estimates for the annual budget of
the Motor Vehicle Licensing Fund for the year 1987 and has presented such
estimates to the Council for their consideration; and
WHEREAS, the City Council has reviewed such estimates and made certain
revisions thereto;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Golden
Valley, Hennepin County, Minnesota, that the appropriation for the P�1otor Vehicle
Licensing Fund for the calendar year 1987 be as follows:
P10TOR VEHICLE LICENSING FUND
Description Amount
Motor Vehicle Licensing $ 193,148
Total 1987 Budget $ 193,148
BE IT FURTHER RESOLVED by the City Council of the City of Golden Valley,
Hennepin County, rlinnesota, that the sources of financing the sums appropriated
shall be:
Description Amount
Registration Fees $ 205,000
Interest Earnings 21,000
Total 1987 Budget $ 226,000
�
�� �
ary . erson, ayor
ATTEST:
l ,� L� ��,�.
u y Na ly, eput City Clerk
Resolution 86-69 - Continued October 7, 1986
The motion for the adoption of the foregoing resolution dvas seconded by ��ernber
Bakken and upon a vote being taken thereon, the following voted in favor
thereof: Anderson, Bakken, Johnson, Stockman and Thompson; and the following
voted against the same: none, whereupon said resolution was declared duly
passed and adopted, signed by the P1ayor and her signature attested by the Deputy
City Clerk.