HomeMy WebLinkAboutCity Council Resolution 1992-817CITY OF PLYMOUTH
RESOLUTION NO.92-$17
TRANSFERRING FUNDS FROM THE PARK REPLACEMENT FUND TO THE CITY AND COMMUNITY
PARKS DEDICATION FUND AND THE NEIGHBORHOOD PARKS DEDICATION FUND
WHEREAS, the City previously transferred $400,000 from the City and Community
Parks Dedication Fund and $100,000 from the Neighborhood Parks Dedication Fund
to the Park Replacement Fund to assist with operating costs for the Parker's
Lake and Bass Lake play field, and
WHEREAS, the General Fund is now able to cover operating costs associated
with the new Parker's Lake and Bass Lake play field, and
WHEREAS, these funds previously transferred should be transferred back to the
respective park dedication funds for future capital outlay.
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PLYMOUTH, MINNESOTA, that the Finance Director is hereby authorized to
transfer $400,000 from the Park Replacement Fund to the City and Community
Parks Dedication Fund and $100,000 from the Park Replacement Fund to the
Neighborhood Parks Dedication Fund.
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Adopted by the City Council on December 21, 1992