HomeMy WebLinkAboutResolution 2001-84 RESOLUTION NO. 2001-84
BEING A RESOLUTION APPROPRIATING AND DESIGNATING FUND BALANCES
WHEREAS, the City of Columbia Heights has accumulated fund balances in the General Fund and Special
Revenue Funds for the purpose of funding future capital improvements and capital equipment within the City,
and,
WHEREAS, these funds would be more appropriately accounted for in separate funds designated for the purpose
in which they were accumulated, and,
WHEREAS, the City has established a Capital Equipment Replacement Fund dedicated for the future
replacement of equipment, and,
WHEREAS, the City Council has established a Capital Improvement Fund for general government buildings
dedicated for future improvements to general government buildings,
NOW, THEREFORE, BE IT RESOLVED that the Columbia Heights City Council does hereby authorize the
establishment of a Capital Improvement Fund for Parkview Villa South dedicated for the future improvement or
replacement of the building, and,
NOW, THEREFORE, BE IT FURTHER RESOLVED that the following transfers be made and appropriated for
future equipment and capital improvement needs.
From To Amount
General Fund Capital Improvement General Government Buildings $1,400,000
Police/Fire Contingency Fund Capital Equipment Replacement Fund $ 500,000
Parkview Villa South Fund Capital Improvement Parkview Villa South $ 700,000
NOW, THEREFORE, BE IT FURTHER RESOLVED that any unbudgeted, undesignated fund balance in the
Capital Equipment Replacement Funds or Capital Improvement Funds shall require a four-fifths vote to expend
or transfer funds.
Passed this 17th day of December 2001
Offered by: Williams
Seconded by: Szurek
Roll Call:
Ayes: Peterson, Szurek, Wyckoff, Williams, Nawrocki. Nayes: none
Attest:
a~tric°~ia Muscovitz, D~eputy City Clerk