1976-5508r554
RESOLUTION N0. 5508
RESOLUTION AD01'TING THE 1976/81 CAPITAL Il~.'ROVEMENTS
PROGRAM AND THE 1976 CAPITAL II~'IPROVEMENT BUDGET
WfIEREAS, a proposed capital improvement program for the periods 1976/81
and a proposed capital improvements budget for 1976 has been prepared and sub-
mitted for review to the planning commission and 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 itself
reviewed these proposals;
NOW, THEREFORE, BE IT RESOLVED that the 197&/81 capital improvement program
is hereby approved and adopted subject to annual review and revision, and
. BE IT FURTHER RESOLVED that the 1976 capital improvement budget in the sum
of $x,082,033 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 projects 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 this 18th day of
March, 1976. '
ATTEST:
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-- Thomas J. Mo City Clerk