HomeMy WebLinkAboutCity Council Resolutions (R-11-3426)-11/21/2011RESOLUTION R-11-3426
A RESOLUTION AUTHORIZING THE EXPENDITURE OF $114,189 FROM THE
COLLEYVILLE TOMORROW FUND FOR THE ACQUISITION OF A GRADALL
MODEL 3300 EXCAVATOR AND THE REPAYMENT OF THE EXPENDITURE
TO THE COLLEYVILLE TOMORROW FUND BY THE DRAINAGE UTILITY
FUND IN SIX ANNUAL PAYMENTS OF $19,031.50 FROM FISCAL YEAR 2013
THROUGH FISCAL YEAR 2018
WHEREAS, the City Council has approved the acquisition of a Gradall Model 3300
excavator with grapple and blade attachments, a multi-functional piece of
equipment which can be used in all key operational areas of the Public
Works Department; and
WHEREAS, the interim funding source for the Gradall Model 3300 excavator with
grapple and blade attachments acquisition will be the Colleyville
Tomorrow Fund, as that fund was established for the funding of projects,
facilities and improvements; and
WHEREAS, the Drainage Utility Fund will repay the Colleyville Tomorrow Fund in
equal annual installments from Fiscal Year 2013 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 $114,189 is authorized to be expended
from the Colleyville Tomorrow Fund for the acquisition of the Gradall
Model 3300 excavator with grapple and blade attachments.
Sec. 2. THAT the Drainage Utility Fund will repay the Colleyville Tomorrow Fund
in six annual payments of $19,031.50 from Fiscal Year 2013 through
Fiscal Year 2018.
AND IT IS SO RESOLVED.
J
Secretary
AYES, ~ N YS AND ~
DAY OF
CITY OF COLLEYVILLE
~~~-~.~~~~"~,,
David Kelly
Mayor
APPROVED BY A VOTE OF _`~~ -
ABSTENTIONS ON THIS THE ~
2011.