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<br /> RESOLUTION NO. 14 <br /> SERIES 2007 <br />A RESOLUTION AUTHORIZ][NG THE EXPENDITURE OF FUNDS FOR THE <br />PURCHASE OF ART FOR THE NEW LOUISVILLE LIBRARY <br />WHEREAS, the voters of the City of Louisville in 2003 approved the issuance of debt <br />and the imposition of a mill levy for the construction of a new library facility in the City of <br />Louisville; and <br />WHEREAS, by Resolution No. 43, 2003, the City Council established a Library Capital <br />Construction Fund for the new library project and funds for such project have been derived from <br />bonds issued pursuant to voter approval, the sale of the existing library building, transfers from <br />the City's general fund, and other sources; and <br />WHEREAS, there remain in such Fund certain additional funds available for costs <br />related to the construction, completion and furnishing of the new Louisville Library, and City <br />Council desires to authorize the expenditure of certain funds in the Library Capital Construction <br />Fund - Furniture & Fixture Account for the purchase of art for the new library; <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br />CITY OF LOUISVILLE, COLORADO: <br />Section 1. City Council hereby authorizes the expenditure of funds from the Library <br />Capital Construction Fund - Furniture & Fixture Account for the acquisition of art for the <br />Louisville Library, which expenditures shall not exceed $50,000. <br />