HomeMy WebLinkAboutCity Council Resolution 1990-116CITY OF PLMOM
Pursuant to due call and notice thereof, a regular meeting of the City
Council of the City of Plymouth, Minnesota was held on the sth day of
February 1990. The following were pmeseit:
Mayor Bergman, Councilmembers Nel'liwell, Ricker, Vasiliou, and Mur
The following -Mars were absent: None
Councilmember Ricker intro&xx d the following Resolution and moved its
adoption:
MMWM, the City of Plymouth owns appocnximmately 15,000 water meters
throughout the City and
WHEREAS, these meters will require major replacanents, and
MHEFFM, funds are Icrosne I r*Kxmsary to finance these replacements, and
WIMWAS, the City has funds available within the Water Fund, and
WIMM, it is sound financial management to reserve the funds totaling
$100,000 within the Water Hurd;
WK, 'i4 , BE IT HEREBY RE90LVED BY TIS CITY COUNCIL OF Tim CITY OF
PLYM)M, MIIN ESDM that the reserve in the amount of $100,000 be established
within the Water Rand for meter for the 1989 accounting year.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Vasiliou and upon vote being talaen thereon the following
voted in favor thereof: Mayor Bergman, Councilmembers Helliwell,
Ricker_. Vasiliou, and Zitur
The following voted against or abstained: None
the Resolution was declared duly passed and adopted.