Laserfiche WebLink
CITY OF LOUISVILLE <br />RESOLUTION NO. 70 <br />SERIES 2000 <br /> <br />A RESOLUTION CREATING AN INTERFUND LOAN AGREEMENT FOR THE <br /> PURCHASE OF OPEN SPACE <br /> <br />WHEREAS, a need exists for additional funding of $635,000 for open space to be <br />purchased through the Conservation Trust-Land Acquisition Fund; and <br /> <br />WHEREAS, the Fleet Management Fund has sufficient unappropriated funds to loan for <br />this purpose; and <br /> <br />WHEREAS, an interfund loan will be created between the Fleet Management and the <br />Conservation Trust-Land Acquisition Funds. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br />CITY OF LOUISVILLE, COLORADO: <br /> <br />Section 1. The amount of $635,000 is hereby loaned from the Fleet Management <br />Fund to the Conservation Trust-Land Acquisition Fund, with such amount to be repaid by <br />the Conservation Trust-Land Acquisition Fund over a two-year period, from 2001 <br />through 2002, subject to any necessary budgetary and appropriation actions in accordance <br />with State law, as follows: <br /> <br />2001 $325,000 <br />2001 155,000 <br /> <br />$480,000 <br /> <br />from GOCO Grant proceeds <br /> <br />2002 155,000 <br /> <br />Total $635,000 <br /> <br />Nothing herein is intended to prevent a more rapid repayment of such funds should the <br />Council so determine through its budget and appropriation process in accordance with <br />State law. <br /> <br />Section 2. Nothing in this Resolution is intended to nor shall be construed to create <br />any multiple-fiscal year direct or indirect City debt or other financial obligation <br />whatsoever. <br /> <br />PASSED AND ADOPTED this 19th day of December, 2000. <br />'Nancy Varra, (~ity Clerk <br /> <br />Ch'ar¥~s Sisk <br />Mayor Pro-Tem <br /> <br /> <br />