91-7812R6/
RESOLUTION N0. 7812
RESOLUTION ADOPTING THE 1992 CAPITAL IMPROVEMENT BUDGET
WHEREAS, a proposed Capital Improvement Budget for 1992 has been
prepared and submitted for review by the City Council in accordance with
charter requirements, and
WHEREAS, the city council has received the recommendations and benefit
of review of these proposed documents by the Planning Commission and has it-
self reviewed these proposals.
NOW, THEREFORE, BE IT RESOLVED that the 1992 Capital Improvement
Budget in the sum total of $6,286,000 is hereby approved and adopted with full
recognition of the fact that the cost estimates are approximate and are
subject to final cost estimates and that all awards of contracts for these
proojects are subject to necessary hearings and must be approved by the City
Council in accordance with established laws and practices governing such
action, and
BE IT FURTHER RESOLVED that the City Manager is hereby authorized and
directed to initiate the procedures which will lead to more formal and
detailed consideration of these projects in accordance with the aforementioned
laws and practices.
Passed by the City Council of the City of Richfield, Minnesota, this 20th day
of November, 1991.
~~~~.. '
Martin J. K' sch Mayor
ATTEST:
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P. _ ~
Thomas P. Ferber City Clerk