08-10146rRESOLUTION NO. 10146
RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS FROM THE PIR FUND TO
THE CENTRAL MAINTENANCE CAPITAL PROJECT FUND
WHEREAS, The City of Richfield City Council approved the planning, design, and
construction of a new Central Maintenance Facility on July 11, 2006; and
WHEREAS, a portion of the new Central Maintenance Facility will be utilized for
public safety purposes; and
WHEREAS, The budgeted cost of the project was $12,908,500 and an essential
part of the funding for the project was a transfer of $300,000.00 from the PIR Fund; and
WHEREAS, Richfield City Code Section 315.07 Subd. 3, allows the proceeds of the
PIR Fund, in a total amount not to exceed $300,000.00, to be transferred by resolution to
provide funds for the acquisition and betterment of public safety facilities in the City.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF RICHFIELD AS FOLLOWS:
1. The City Council authorizes the Finance Manager to transfer $300,000.00 from
the PIR Fund to the Central Maintenance Facility Capital Project Fund.
Adopted by the City Council of the City of Richfield, Minnesota this 11th day of
September, 2008.
Debbie Goettel, Mayor
ATTEST:
Nancy Gibb ,City Clerk