HomeMy WebLinkAbout12-01
RESOLUTION NO.
12-01
A RESOLUTION of the City Council of the City of
Port Angeles, Washington, designating a
portion of the General Fund balance for certain
capital projects.
WHEREAS, the City Council has set certain goals and objectives; and
WHEREAS, those goals include certain major capital projects; and
WHEREAS, it is in the community's interest to improve and enhance the City's infrastructure;
and
WHEREAS, the City Council passed Resolution No. 4-00 designating $1,650,000 of the
General Fund balance for the specific purpose of funding general purpose capital projects; and
WHEREAS, the City's annual operating budget ordinance includes a financial management
policy designating year-end surpluses to be dedicated to the Capital Facilities Plan.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Port Angeles
hereby designates $1,330,000, which includes $600,000 from the year-end 2000 General Fund surplus,
$595,000 from the reallocation and reprioritization of the $1,650,000 allocation designated by
Resolution 4-00, and $135,000 from street projects in the 2001 operating budget, for the specific
purpose of funding general purpose capital projects as identified in the list of capital projects attached
hereto as Exhibit "A".
PASSED by the City Council of the City of Port Angeles at a regular meeting of said Council
held on the 3rd day of July, 2001.
ATTEST:
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PUBLISHED: JULY 8 ~ 2001
By Summary
ED AS TO FORM:
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