HomeMy WebLinkAboutRESOLUTION NO. 2011-53
RESOLUTION NO. 2011-53
A RESOLUTION AUTHORIZING THE TRANSFER OF MONEY FROM THE
LOST FUND TO THE GENERAL FUND FOR A TRAIL PROJECT AND
DESIGNATION OF FUNDS FROM THE GENERAL FUND FOR A TRAIL
PROJECT
WHEREAS, the City Council of the City of Fairfax, Iowa, wishes to establish a trail to connect
the two main sections of Fairfax; and
WHEREAS, the City of Fairfax has been granted funds through the IDOT to help fund this trail
project; and
WHEREAS, the City Council of the City of Fairfax has previously committed money towards
this trail project and the balance of those funds in the General Fund as of August 9, 2011, is $28,733.84;
and
WHEREAS, the City Council of the City of Fairfax has committed funds from the LOST Fund
and the General Fund in both the 2011 and 2012 budgets, as well as a previous fiscal year, to pay for a
portion of the City’s share of this project.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Fairfax, Iowa,
that the City Clerk/Treasurer is directed to transfer $50,000.00 from the LOST Fund to the General Fund
for the 2011 budget commitment for the trail project and $50,000.00 from the LOST Fund for the 2012
budget commitment for the trail project.
BE IT FURTHER RESOLVED, by the City Council of the City of Fairfax, Iowa, that the City
Clerk/Treasurer is directed to designate $50,000.00 in the General Fund for the 2011 budget commitment
towards the trail project and $50,000.00 in the General Fund for the 2012 budget commitment towards the
trail project.
BE IT FURTHER RESOLVED, by the City Council of the City of Fairfax, Iowa, that the City
Clerk/Treasurer is hereby authorized to keep this $200,000.00, along with the previously committed funds
of $28,733.84, available for use for the trail project. Should this trail project not be accomplished, these
funds can only be released for another purpose by City Council action.
BE IT FURTHER RESOLVED, that the Mayor and City Clerk/Treasurer are hereby authorized
and directed to execute said Resolution.
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Passed and approved this 9 day of August, 2011.
AYES: Beer, Otto, Magers, and Wainwright
NAYS: None
ABSENT: Frieden
___________________________________
Jason Rabe, Mayor
ATTEST:
__________________________________
Cynthia K. Stimson, City Clerk/Treasurer