15-66 - 08-18 - Transfer from Capital Improvement Fund Resolution 15-66 August 18, 2015
Member Schmidgall introduced the following resolution and moved its adoption:
RESOLUTION AUTHORIZING THE TRANSFER OF $1,386,060.20 FROM THE
CAPITAL IMPROVEMENT FUND HOUSING AND REDEVELOPMENT FUND ($200,000);
GENERAL FUND ($39,000); PARK IMPROVEMENT FUND ($147,060.42) AND
EQUIPMENT REPLACEMENT FUND ($1,000,000)
WHEREAS, the monies received from the Capital Improvement Fund were from the
decertification of Golden Hills Tax Increment Fund; and
WHEREAS, the transfer of$200,000 to the Housing and Redevelopment (HRA)
General Fund would pay for auditing and legal services for the HRA; and
WHEREAS, the transfer of$39,000 to the General Fund would fund costs for the
Recodification of the City Code ($14,000), and City-wide survey ($25,000); and
WHEREAS, the transfer of $147,060.42 to the Park Improvement Fund would fund
costs with a new playground structure ($55,000) and tennis court improvements
($92,0600.42); and
WHEREAS, the transfer of $1,000,000 to the Equipment Replacement Fund would
fund costs with the replacement of the aerial truck in 2018.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Golden
Valley to authorize the transfer of$1,386,060.42 from the Capital Improvement Fund to the
Housing and Redevelopment General Fund ($200,000); General Fund ($39,000); Park
Improvement Fund ($147,060.42) and the Equipment Fund ($1,000,000).
Shepa d M. Harris, M yor
ATTEST:
Kristine A Luedke, City Clerk
The motion for the adoption of the foregoing resolution was seconded by Member Clausen
and upon a vote being taken thereon, the following voted in favor thereof: Clausen, Snope,
Schmidgall and Fonnest 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.