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<br /> RESOLUTION NO. ---1Q. <br /> Series 1985 <br /> A RESOLUTION ADOPTING A POLICY RELATIVE TO <br /> DISBURSEMENT OF THE CAPITAL IMPROVEMENT FUND <br /> WHEREAS, the City Council of the City of Louisville has <br /> adopted an ordinance combining several funds into one capital <br /> improvement fund; and, <br /> WHEREAS, the City Council desires to adop t a formal policy <br /> relative to disbursement of funds from the newly created capital <br /> improvement fund; <br /> NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br /> CITY OF LOUISVILLE: <br /> It is the policy of the City to disburse funds from the <br /> capital improvement fund in approximately the same percentages of the <br /> total amounts collected for the described funds as has occurred <br /> previously with respect to the service expansion fee, the park s and <br /> recreation fee, and the major thoroughfare fee; as part of this <br /> policy these disbursements from the capital improvement fund will <br /> occur in such similar percentages over a five year period of time. <br /> PASSED AND ADOPTED THIS 3rd day of December, 1985. <br /> L~ <br /> Mayor <br /> ATTEST: <br />