12-12 Resolution No. 12158RESOLUTION NO. 12158
RESOLUTION AUTHORIZING ESTABLISHMENT OF NEW SPECIAL REVENUE
FUNDS TO TRACK OPERATION OF STREET LIGHTING SYSTEM.
WHEREAS, every property in the City, residential and commercial, benefits from
good streets which are well lighted and maintained through a city street light system;
and
WHEREAS, the city includes a fee for street light service on the quarterly city
utility bill which funds payment of the electricity charges, along with maintenance and
replacement of street lights; and
WHEREAS, the City intends to replace its streetlights with energy efficient LEDs
and plans to utilize any surplus street light user fee to pay for the purchase ; and
WHEREAS, for transparency, compliance and accurate tracking of revenue and
expenditures, staff recommends the establishment of a new special revenue fund; and
WHEREAS, Minnesota Statutes, Section 429.101, requires the establishment of
a separate fund to hold the proceeds collected for the operation of a street lighting
system; and
WHEREAS, Section 7.12 of the Richfield City Charter requires Council approval
by resolution of the establishment of new funds in the City of Richfield budget; and
WHEREAS, Section 7.12 of the City Code requires Council approval by
resolution of the establishment of new funds in the City of Richfield budget; and
WHEREAS, staff recommends the establishment of the fund in 2023.
NOW, THEREFORE, BE IT RESOLVED the City Council approves the
establishment of a new fund for the operation of City’s Street Lighting System, for
transparent and accurate tracking of financial activity.
Adopted by the City Council of the City of Richfield, Minnesota this 12th day of
December, 2023.
Mary Supple, Mayor
ATTEST:
Dustin Leslie, City Clerk