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RESOLUTION NO. 13 <br />SERIES 1998 <br /> <br />A RESOLUTION DESIGNATING PART OF THE FUND BALANCE OF THE CAPITAL PROJECTS <br />FUND FOR THE FUTURE DEVELOPMENT OF A COMMUNITY PARK AND FUTURE DEBT <br />REDUCTION <br /> <br />~EREAS, <br />WHEREAS, <br /> <br />the City of Louisville, Colorado desires to build a community park and prepay debt and; <br /> <br />the funding for the community park and future debt reduction will be designated annually to <br />provide future funding for the express purpose of building the park and early retirement of debt <br />and; <br /> <br />during the 1998 budget process the City Council determined that $100,000 would be designated <br />in 1998 for a community park and $100,000 would be designated in 1998 for future debt <br />reduction. <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, <br />COLORADO that the fund balance of the Capital Projects Fund will now be designated in the amount of <br />$100,000 for the specific purpose of providing future funding to build a community park and an additional <br />$100,000 for the specific purpose of providing future funding for early debt reduction. <br /> <br /> ~tOk ~$,~ /_0~ Tom Davidson, Mayor <br /> .,<~ <br /> <br />ATTEST: <br /> <br />David Clabots, City Clerk <br /> <br />City Attorney <br /> <br /> <br />