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06-27 Bill No. 2023-5 Transitory 19.27BILL NO. 2023-5 TRANSITORY ORDINANCE NO. 19.27 AN ORDINANCE PROVIDING FOR THE EXPENDITURE OF MONEY FROM THE LIQUOR CONTRIBUTION 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 Liquor Contribution 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 Liquor Contribution Special Revenue Fund under Section 7.12, Subdivision 2 of the City Charter, are as follows: Fairwood Park Play Equipment $ 110,000 Ice Arena Sign $ 40,000 Multi-Year Community Center/Wood Lake Building Repair $ 20,000 Multi-Year Ice Arena Repair $ 20,000 Multi-Year Park Maintenance $ 50,000 Multi-Year Park Maintenance/Wood Lake Fence Repair Outdoor Pool Improvements Skate Park Expansion Wood Lake Nature Center Building $ 15,000 $ 80,000 $ 90,000 $ 125,000 Total $ 550,000 Section 3: The expenditures authorized herein 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 27th day of June 2023. Simon Trautmann, Mayor Pro Tem ATTEST: Dustin Leslie, City Clerk