HomeMy WebLinkAboutCity Council Resolutions (R-11-3401)-09/23/2011RESOLUTION R-11-3401
A RESOLUTION AUTHORIZING THE EXPENDITURE OF $310,000 FROM THE
COLLEYVILLE TOMORROW FUND FOR THE ACQUISITION OF A
REPLACEMENT SEWER VACTOR TRUCK AND THE REPAYMENT OF THE
EXPENDITURE TO THE COLLEYVILLE TOMORROW FUND BY THE UTILITY
FUND IN SEVEN ANNUAL PAYMENTS OF $44,285.71 FROM FISCAL YEAR
2012 THROUGH FISCAL YEAR 2018
,WHEREAS, included in the Fiscal Year 2012 budget was funding for the acquisition of
' a replacement sewer vactor truck purchased in 1996, which is used for
' excavating sewer and water lines and avoids damaging
' telecommunication and natural gas service lines; and
WHEREAS, the interim funding source for the replacement sewer vactor truck
acquisition will be the Colleyville Tomorrow Fund, as that fund was
established for the funding of projects, facilities and improvements; and
WHEREAS, the Utility Fund will repay the Colleyville Tomorrow Fund in equal annual
installments from Fiscal Year 2012 through 2018.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS:
Sec. 1. THAT funding in the amount of $310,000 is authorized to be expended
from the Colleyville Tomorrow Fund for the acquisition of the sewer vactor
truck.
Sec. 2. THAT the Utility Fund will repay the Colleyville Tomorrow Fund in seven
annual payments of $44,285.71 from Fiscal Year 2012 through Fiscal
Year 2018.
ND IT IS SO RESOLVED.
'PROVED BY A VOTE OF
~STENTIONS ON THIS THE
11.
IATTESfi:
~ ~'7,-~
~ynthia"5ingleton, TRMC,
City Secretary
MC
AYES, NAY AND
DAY O
CITY OF COLLEYVILLE
~~ ~ ~.
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David Kelly
Mayor