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HomeMy WebLinkAboutResolution No. 2005-98 RESOLUTION NO. 2005-98 RESOLUTION DESIGNATING FUNDS FOR SHEFFIELD REDEVELOPMENT AND COMMUNITY DEVELOPMENT STAFFING WHEREAS, the City Council of the City of Columbia Heights encourages and supports redevelopment of the city; and WHEREAS, the City Council has determined a need for redevelopment in the Sheffield/Heritage Heights neighborhood; and WHEREAS, the General Fund fund balance increased in 2004 by $716,878 due to increased revenue and under expending; and WHEREAS, it is projected that the General Fund fund balance will increase by over $200,000 in 2005; and WHEREAS, the City Council is committed to redevelopment in the Sheffield/Heritage Heights neighborhood and to providing staffing for ongoing redevelopment: NOW, THEREFORE, BE IT RESOLVED that $180,000 be transferred from the General Fund lUldesignated fund balance to fund 420 Capital Improvements Community Development for the ongoing funding of the Community Development Specialist and $700,000 be transferred to fund 410 Sheffield/Heritage Heights Development for ongoing redevelopment in the Sheffield/Heritage Heights neighborhood. Passed this 1ih day of December 2005 Offered by: Kelzenberg Seconded by: Diehm Roll Call: Ayes: Peterson, Williams, Diehm, Kelzenberg Nay: NaV ~ 01 / C:-~l /l~--I Mayor Gary U. Peterson Attest: /-----... () ~ :' --:J{,' 1rY\ .4- ~f CGQ~,,--,,-,~ !' \. w..-~__v~ . atricia Muscovitz, Deputy Cifv Clerk