HomeMy WebLinkAbout2007-056 CCRMember Mark Yelich introduced the following resolution and
moved its adoption:
RESOLUTION NO. 2007-5F,
RESOLUTION AMENDING THE CITY COUNCIL CODE OF POLICIES;
SECTION 2.41 CAPITAL IMPROVEMENTS FUND AND
INFRASTRUCTURE CONSTRUCTION FUND EXPENDITURE POLICY
WHEREAS, on April 10, 2006, the City Council adopted Resolution No. 2006-46
establishing a City Council Code of Policies; and
WHEREAS, the City Council wishes to amend Section 2.41 of its Code of
Policies to accurately reflect the timeframe for the Capital Improvement Program.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center, Minnesota, that Section 2.41, Capital Improvements Fund and Infrastructure
Construction Fund Expenditure Policy, of the City Council Code of Policies be and hereby is
amended as follows:
5. Spending Limitation/Fund Balance Requirement
The objective as described above in Section 1 and previously defined in City
Council Resolution No. 68-246 requires the capital improvements fund and
infrastructure construction fund to be a permanent source of funding for planned
major expenditures. As such, the following criteria is established to comply with
that intent:
1. Planned Expenditures: If the proposed capital expenditure is in excess of
$300,000, it must have been included in the fiw fifteen-year Capital
Improvement Program for at least two years.
2. Additionally, the free fifteen-year Capital Improvement Program must be
approved by the City Council at a public hearing on an annual basis.
April 9. 2007 Date Mayor
ATTEST:_/ rWW *MZLW
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City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member
Mary O'Connor;
and upon vote being taken thereon, the following voted in favor thereof:
Tim Willson, Kay Lasman, Mary O'Connor, Dan Ryan, and Mark Yelich;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.