TRANSITORY ORDINANCE NO. - 17.75

AN ORDINANCE PROVIDING FOR THE EXPENDITURE OF MONEY FROM THE SPECIAL REVENUE FUND FOR CERTAIN CAPITAL IMPROVEMENTS

The City of Richfield does ordain:

Section 1. It is found and determined to be necessary and expedient for the City to expend money from the Special Revenue Fund for the making of capital improvements listed in Section 2 hereof, for which the City would be authorized to issue general obligation bonds.

Section 2. The capital improvements and amounts of expenditures for such improvements which are authorized to be paid from the Special Revenue Fund under Section 7.12, Subdivision 2 of the City Charter, are as follows:

Sheridan Park	$400,000.00
Wood Lake Bridges/Docks	89,500.00
Ice Arena Locker rooms	10,500.00
Ice Arena Locker rooms	110,000.00

 

This amount is a carryover from the 1996 transitory Ordinance. The original Ordinance approved by the City Council stated that this $110,000 was budgeted for a 100 car parking lot at Veterans Memorial Park. However, the City Council reallocated those funds to be used for the Ice Arena locker room improvement.

Section 3. The expenditures herein authorized shall be made pursuant to such contracts as are authorized from time to time by Council action.

(Bill No. 1997-15)