HomeMy WebLinkAboutCouncil Resolution 1183RESOLUTION NO. ~~g3
A RESOLUTION TRANSFERRING APPROPRIATIONS WITHIN THE 2007-08 BUDGET
THE CITY COUNCIL OF THE CITY OF CENTRAL POINT, OREGON, HEREBY RESOLVES AS
FOLLOWS:
SECTION 1. Because of the circumstances stated below, the Mayor and City Council of
the City of Central Point determine that it is necessary to transfer budget
appropriations as follows:
Capital Improvement Fund
To: Capital Improvement Fund -Parks SDC's 111 000
From: Capital Improvement Fund -Contingency $ 111,000
This appropriation covers costs associated with the Twin Creeks SDC Developer agreement. In the
early planning stages of Twin Creeks Transit Orientated District the City agreed to pay for the parks
as they were developed. The $111,000 above costs will be repaid to the developer with SDC's
revenues over time. In addition to the above costs the Developer donated $132,000 towards these
improvements. During this fiscal year the developer completed the gazebos and the stage.
Passed by the Council and signed by me in authentication of its passage this the day of
_~~~,~_, 2008.
City of Central Point
Jackson Co ty, Ore on ~
Mayor Hank Williams
ATT S
City Recorder
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Approved by me this ~ day of ~R~ , 2008.
/~.Cl.~
Mayor Hank Williams
Budget\2007-08\transfer of appropriations2007-08
Mayor Hank Williams