93-020 - 03-02 Authorize Purchase Hydrojet Aerifier Brookview Gold CourseResolution 93-20
March 2, 1993
Member Thompson introduced the following resolution and moved its adoption:
RESOLUTION AUTHORIZING THE INTER -FUND LOAN NEEDED TO
FINANCE THE PURCHASE OF A HYDROJET AERIFIER FOR THE
BROOKVIEW GOLF COURSE AND SETTING THE TERMS OF THIS INTER -FUND LOAN
WHEREAS, the City Council has authorized the purchase of a hydrojet
aerifier for the Brookview Golf Course for a total cost of $24,158; and,
WHEREAS, this purchase is to be financed from the proceeds of an inter -fund
loan in the amount of $24,158 from the Water and Sewer Utility Fund Reserve
Account (Fund 27) to the Brookview Golf Course Fund (Fund 24).
NOW, THEREFORE, BE IT RESOLVED that the City Council authorizes the inter -
fund loan in the amount of $24,158 from the Water and Sewer Utility Fund Reserve
Account (Fund 27) to the Brookview Golf Course Fund (Fund 24).
BE IT
fund loan
principal
beginning
1996.
ATTEST:
FURTHER RESOLVED that the City Council sets the term of this inter -
at three (3) years with level semi-annual payments, to include both
and interest on the unpaid balance at the rate of 6%, of $4,459.51
September 1, 1993 and continuing every six months through March 1,
Shirley J Nlelsbn, City Clerk
The motion for the adoption of the foregoing resolution was seconded by Member
Stockman; and upon a vote being taken thereon, the following voted in favor
thereof: Bakken, Johnson, Russell, Stockman and Thompson; and the following
voted against the same: none; whereupon said resolution was declared duly passed
and adopted, signed by the Mayor and his signature attested by the City Clerk.