12-023 - 03-20 - transer $825,000 from general fund to equippment replacement and park improvement funds Resolution 12-23 March 20, 2012
Member Scanlon intraduced the following resolution and moved its adoption:
RESOLUTION AUTHORIZING THE TRANSFER OF $825,000 FROM THE
GENERAL FUND TO THE EQUIPMENT REPLACEMENT FUND ($575,000)
AND TO THE PARK IMPROVEMENT FUND ($250,000)
WHEREAS, the transfer of $575,000 to the Equipment Replacement Fund would
finance major purchases such as fire pumpers and dump trucks as outlined in the City's
Capital Improvement Program, and
WHEREAS, the transfer of $250,000 to the Park Improvement Fund would fund
improvements to city parks, and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Golden
Valley to authorize the transfer of $825,000 from the General Fund to the Equipment
Replacement Fund ($575,000) and Park Improvement Fund ($250,000).
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Shepar M. Harris, May r
ATTEST:
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Susan M. Virnig, City Clerk
The motion for the adoption of the faregoing resolution was seconded by Member Clausen
and upon a vote being taken thereon, the following voted in favor thereof: Clausen,
Freiberg, Harris, Pentel and Scanlon; 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.