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Louisville City Council Meeting <br />December 19, 2000 <br />Page 3. <br /> <br />REGULAR BUSINESS <br /> <br />RESOLUTION NO. 70, SERIES 2000 - CREATING AN INTERFUND LOAN <br /> AGREEMENT FOR THE PURCHASE OF OPEN SPACE <br /> <br />Sisk called for Staff presentation. <br /> <br />Finance Director Dianne Ray explained that Resolution No. 70, Series 2000 authorizes <br />the interfund loan, advanced from the Fleet Management Fund, to the Conservation <br />Trust-Land Acquisition Fund. The loan is in two parts: (1) $325,000 to fund the revenue <br />that was to have been funded from the GOCO Grant, to be repaid in 2001 when the grant <br />funds are received; and (2) to fund the additional open space purchase in 2000 of <br />$310,000 in excess of the cash balance available, to be repaid in equal installments in <br />2001 and 2002. <br /> <br />MOTION: Mayer moved that Council approve Resolution No. 70, Series 2000, <br />seconded by Howard. Roll call vote was taken. The motion passed by a vote of 6-0. <br />Absent: Davidson - excused. <br /> <br />RESOLUTION NO. 71, SERIES 2000 - CREATING AN INTERFUND LOAN <br />FOR THE PURCHASE OF LAND FOR POTENTIAL PARKING FACILITIES <br /> <br />Sisk called for Staff presentation. <br /> <br />Finance Director Dianne Ray explained that Resolution No. 71, Series 2000 authorizes <br />the interfund loan of $150,000, advanced from the Capital Project Fund, to the Parking <br />Improvements Fund for the purchase of land for potential parking facilities. <br /> <br />MOTION: Howard moved that Council approve Resolution No. 71, Series 2000, <br />seconded by Keany. Roll call vote was taken. The moiion passed by a vote of 6-0. <br />Absent: Davidson - excused. <br /> <br />RESOLUTION NO. 72, SERIES 2000 - AMENDING THE 2000 BUDGET BY <br />INCREASEING REVENUES AND APPROPRIATIONS IN THE CEMETERY, <br />PARKING IMPROVEMENT, CONSERVATION TRUST-LAND ACQUISITION, ~ <br />WATER UTILITY, GOLF COURSE, AND SELF INSURANCE FUNDS FOR THE <br /> CITY OF LOUISVILLE, COLORADO <br /> <br /> <br />