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<br />RESOLUTION NO. 18 <br />SERIES 1997 <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 />WHEREAS, the City of Louisville, Colorado desires to build a community park and prepay debt and; <br /> <br />WHEREAS, the funding for the community park and future debt reduction will be designated annually to <br />provide future funding for the express pUlpose of building the park and early retirement of debt <br />and; <br /> <br />WHEREAS, during the 1997 budget process the City Council determined that $100,000 would be designatd <br />in 1997 for a community park and $100,000 would be designated in 1997 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 />ADOPTED this 18th day of March <br /> <br /> <br />~~~~------ <br /> <br />ArrEST: <br /> <br />"" - <br />~-~-----~ <br />David Clabots, City Clerk <br /> <br />APPROVED AS TO FORM: <br /> <br />~v~ <br />________________t':.~________ ___ <br /> <br />Griffiths and Tan , P.c. <br />City Attorney <br />