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RESOLUTION NO. 12 <br />SERIES 1999 <br /> <br />A RESOLUTION DESIGNATING PART OF THE FUND BALANCE OF THE CAPITAL PROJECTS FUND FOR <br />THE FUTURE DEVELOPMENT OF A COMMUNITY PARK AND FUTURE DEBT 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 provide future <br /> funding for the express purposes of building the park and early retirement of debt; and <br /> <br />WHEREAS, during the 1999 budget process the City Council determined that $100,000 would be designated in 1999 for <br /> a community park and $100,000 would be designated in 1999 for future debt reduction. <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO <br />that of the fund balance of the Capital Projects Fund there is hereby designated the amount of $100,000 for the specific purpose <br />of providing future funding to build a community park and the additional amount of $100,000 for the specific purpose of <br />providing future funding for early debt reduction. <br /> <br /> D this <br /> <br />kTT~ <br /> <br />2nd day of March, 1999. <br /> <br />l'om DaVl0SOn, Mayor <br /> <br />David Clabots, City Clerk <br /> <br /> <br />