15-35 - 04-21 - Transfer from General Fund to Building Fund Resolution 15-35 April 21, 2015
Member Schmidgall introduced the following resolution and moved its adoption:
RESOLUTION AUTHORIZING THE TRANSFER OF $692,000 FROM THE
GENERAL FUND TO THE BUILDING IMPROVEMENT FUND
WHEREAS, the General Fund Reserves meets 60% of 2015 expenditures; and
WHEREAS, the transfer of $692,000 to the Building Improvement Fund would fund
costs with remodeling the lower level of City Hall for ease of use for customers and
planning for the replacement of Brookview Community Center.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Golden
Valley to authorize the transfer of $692,000 from the General Fund to the Building
Improvement Fund.
She and Harris, Maor
ATTEST:
W'I'A
Kristine A Luedke, City Clerk
The motion for the adoption of the foregoing resolution was seconded by Member Snope
and upon a vote being taken thereon, the following voted in favor thereof: Snope, Fonnest
Schmidgall and Clausen and the following voted against the same: Harris
whereupon said resolution was declared duly passed and adopted, signed by the Mayor
and his signature attested by the City Clerk.