TRANSITORY ORDINANCE NO. - 18.93

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:

Major Park Maintenance Projects	$50,000
Lincoln Field Internal Loan Repayment	$28,600
Community Garden Relocation	$10,000
Taft Athletic Facility Lighting & Improvements	$65,000
Vets Park Play Equipment Replacement	$107,400
Wood Lake Nature Center Boardwalk Repair	$14,000
Wood Lake Nature Center Parking Lot Reconstruction	$175,000

 

Section 3 : Unexpended Park Maintenance Special Revenue Funds from 2013 shall be transferred to the Bleacher Railings Ice Arena Rink 1 project as follows:

Bleacher Railing Ice Arena Rink 1

$40,000

 

Section 4 : Unexpended Pool Floatable Special Revenue Funds from 2013 shall be transferred to Vets Park Play Equipment Replacement project as follows:

Vets Park Play Equipment Replacement

$20,000

 

Section 5 : The expenditures herein authorized shall be made pursuant to such contracts as are authorized from time to time by Council action.

Passed by the City Council of the City of Richfield this 25th day of February, 2014.

(Bill No. 2014-2)