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Resolution No. 30 <br /> Series 1998 <br /> <br />A RESOLUTION AMENDING AND CHANGING THE FINANCIAL POLICIES TO <br />ESTABLISH A PROPERTY INVENTORY THRESHOLD FOR THE CITY OF LOUISVILLE <br /> <br />WHEREAS, the Council adopted the financial policies for the City of Louisville by Resolution No. 19, Series <br />1984; and <br /> <br />WHEREAS, the need exists to amend the financial policies to establish a property inventory threshold <br />of $2,500; <br /> <br />NOW, THEREFORE, the City Council of the City of Louisville, Colorado hereby resolves, that the City of <br />Louisville Financial Policies shall be amended to read as follows (changes shown in italics): <br /> <br />General Policies <br /> <br />Policy 2 <br />The city of Louisville shall annually inventory all of its Capital facilities, estimate their remaining useful life and <br />replacement cost. (This shall include streets, drainage facilities, buildings, parks, water and wastewater systems, <br />alleys, sidewalks and curbs, ~,ld traffic signals:, and an~, other real or personal property items having an original cost <br />of $2,500 or more.) <br /> <br />?ASSED AND ADOPTED this 7th day of July, 1998. <br /> <br />ATTEST: <br /> <br />'Tom Da~-d~on, M~afor <br /> <br />David Clabots, City Clerk <br /> <br /> <br />