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HomeMy WebLinkAboutCity Council Resolution 2004-127CITY OF PLYMOUTH RESOLUTION NO. 2004-127 AUTHORIZING TRANSFER OF 2003 SURPLUS FUNDS TO CENTRAL EQUIPMENT REPLACEMENT FUND WHEREAS, The 2004 equipment replacement schedule calls for replacing a forklift; and the purchase of 2 additional maintenance vehicles; and WHEREAS, the 2003 budget had surplus money; and WHEREAS, the 2004 budget calls for using $11,000 from the projected balance from 2003 and $9,000 from the Central Equipment Replacement Fund to support the purchase of a new replacement forklift estimated to cost $20,000 and $34,080 to purchase an additional Park Maintenance Division vehicle and $26,500 to purchase an additional vehicle for the Street Maintenance Division with fiinding from the projected balance from 2003; and WHEREAS, the 2003 surplus has been placed in the Street Reconstruction Fund; NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH, MINNESOTA, that $71,580.00 be transferred from the Street Reconstruction Fund to the Central Equipment Replacement Fund to purchase a forklift, and two maintenance vehicles. Adopted by the City Council on March 23, 2004