TRANSITORY ORDINANCE NO. - 18.55

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

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:

Outdoor Pool Renovation Loan Repayment	$198,000.00
Major Park Maintenance Projects	100,000.00
Ice Arena Parking Lot Reconstruction	102,000.00
Lincoln Field & Other Ball Field Improvements	50,000.00
Liquor Operation Capital Improvements	50,000.00

 

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. 2008-5)