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HomeMy WebLinkAbout2010-091 CCR Member Dan Ryan introduced the following resolution and moved its adoption: RESOLUTION NO. 2010 -91 RESOLUTION AUTHORIZING TRANSFER OF FUND BALANCE FOR CAPITAL PURPOSES WHEREAS, there is accumulated unspent funds in the General Fund in excess of amounts required by cash flow needs; and WHEREAS, the Capital Maintenance Plan for Public Buildings dated November 2007 was funded in 2008 and 2009 with transfers of funding from the Municipal Liquor Fund; and WHEREAS, the Capital Maintenance Building Plan will require funds totaling $148,500 for the work scheduled in 2010 by the Capital Improvements Plan adopted by the City Council on December 14, 2009. WHEREAS, the Sanitary Sewer and Water Utility Funds will fund $32,700 of the project costs. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Brooklyn Center that the City Manager is hereby authorized to transfer funds from the General Fund to the Infrastructure Construction Fund in the amount of $115,900 to be used for the 2010 projects scheduled in the Capital Maintenance Building Plan as scheduled in the Capital Improvements Plan adopted December 14, 2009. June 14, 2010 Date Mayor ATTEST: City Clerk The motion for the adoption of the foregoing resolution was duly seconded by member Tim Roche and upon vote being taken thereon, the following voted in favor thereof: Tim Willson, Kay Lasman, Tim Roche, Dan Ryan, and Mark Yelich; and the following voted against the same: none; whereupon said resolution was declared duly passed and adopted.