HomeMy WebLinkAbout2015-06RESOLUTION NO. 2015-06
WHEREAS, on November 4, 2014, the registered voters of the City of Columbia Heights approved, by
referendum vote, a ballot measure to issue up to $7,000,000 in general obligation bonds for the
construction and financing of a new public library; and
WHEREAS, the estimated construction and other costs of the proposed library project, as considered
throughout 2014 by the City Council of the City of Columbia Heights, with significant input from the
public and architectural consultants, is greater than $7,000,000; and
WHEREAS, the City of Columbia Heights has adequate fund balances, available to finance the
estimated costs that exceed the aforementioned $7,000,000 in general obligation bonds;
NOW, THEREFORE, BE IT RESOLVED that the 2015 City of Columbia Heights' budget is amended
to appropriate the interfund transfers listed on the attached Exhibit A, to the Library Capital Building
Fund.
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Detail of Interfund Transfers to the Library Capital Building Fund (No. 450)
Special Projects Fund (No. 226) $500,000
Cable Television Fund (No. 225) $300,000
Capital Improvement Development Fund (No. 420) $375,000
Insurance Internal Service Fund (No. 884) $25,000
General Fund (No. 10 1) $175,000
Passed this 26th day of January, 2015
Offered by: Williams
Seconded by: Schmitt
Roll Call: All Ayes
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Katie Bruno, City Clerk
Total $1,375,000