HomeMy WebLinkAboutCity Council Resolution 1989-096CITY OF PLYIrOM
Purmmt to due call and notice thereof, a reaular meeting of the
City Council of the City of Plymouth, Minnesota was held on the 6th day
of February , 1989. The following members were present:
Mayor Schneider. Councilmembers Vasiliou, Ricker. Zitur and Sisk
The following members were absent: None
rnunr41mPmmhgr Rirkpr introduced the following Resolution and
moved its adoption:
FUMO MON NO. 89- 96
APPROVING TFC RESERVATION OF FUNDS WITHIN Tim WATER FUND
FOR WATER M&"M REPLACEMEPIT
WHOMRS, the City of Plymouth owns approximately 15,000 water meters
throughout the City, and
MWAS, these ureters will require major rep lacererâ–ºts, and
WHOWM, funds axe 'ma R' necessary to finance these replacements, and
WHEMM, the City has funds available within the Water Fund, and
WHEREAS, it is sound financial m vm:piment to reserve the funds totaling vase
$100,000 within the Water Furl;
NOW, THEREFORE, BE IT HEREBY MMVED BY THE CITY COUNCIL OF THE CITY OF
PLYNJM, MINNESOPA that the reserve in the amount of $100,000 be established
within the Water Fund for meter replacement for the 1988 accounting year.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Schneider, Councilmembers Vasiliou,
Ricker. Zitur and Sisk
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.
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