HomeMy WebLinkAbout2018-133 CCRMember Kris Lawrence-Anderson introduced the following resolution
and moved its adoption:
RESOLUTION NO. 2018-133
RESOLUTION APPROVING TRANSFER OF FUNDS FROM THE EARLE
BROWN HERITAGE CENTER OPERATING FUND TO EARLE BROWN
HERITAGE CENTER CAPITAL FUND
WHEREAS, a formula was developed to calculate an annual transfer of money
from operations of the Earle Brown Heritage Center (EBHC) to a capital fund for use in
maintaining, renovating and upgrading the EBHC facilities; and
WHEREAS, the calculation of funding available at the end of 2017 indicated a
balance of $340,701 available; and
WHEREAS, $325,000 may be transferred from EBHC Operations to EBHC
Capital and such change may be done without harm to the EBHC operating fund.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center, Minnesota, that a transfer of $325,000 from the operating fund of the Earle
Brown Heritage Center to the EBHC Capital Fund be and hereby is approved.
July 9, 2018
Date Mayor
ATTEST:haw l&&W
City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member
April Graves
and upon vote being taken thereon, the following voted in favor thereof:
Tim Wilison, Marguita Butler, April Graves, Kris Lawrence-Anderson, DAn Ryan
and the following voted against the same:
whereupon said resolution was declared duly passed and adopted.