HomeMy WebLinkAbout71-94 RESOLUTION•
RESOLUTION NO. 71-94
A RESOLUTION AUTHORIZING THE EXPENDITURE OF AN
AMOUNT NOT TO EXCEED $23.750.00 FOR
INFRASTRUCTURE IMPROVEMENTS FOR INDUTEC
CORPORATION PLANNING TO MOVE INTO THE
FAYETTEVILLE INDUSTRIAL PARK, AND APPROVAL OF
A BUDGET ADJUSTMENT.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1. That the Council hereby authorizes the expenditure, not to exceed the
amount of $23,750.00 for infrastructure improvements for Indutec Corporation planning to move
into the Fayetteville Industrial Park.
&cumn/. The Council hereby approves a budget adjustment in the amount of
$23,700.00 by increasing Economic Development Grant, Acct No. 1010 6600 5721 00
decreasing Acct. No. 1010 0001 4999 99. A copy of the budget adjustment is attached hereto
marked Exhibit "A" and made a part hereof.
PASSED AND APPROVED this 20th day of June 1994.
APPROVED:
1'
By: 4c 21 i il:,2,i ..
Fred Hanna, Mayor
ATTEST.
By. _ally— i • .el.14
Sherry I Thomas, City Clerk
•
City of Fayetteville, Arkansas
Budget Adjustment Form
Budget Ycar
1994
Department: General Government
Division Miscellaneous
Program: Miscellaneous
Date Requested
June 20, 1994
Adjustment +It
Project or Item Requested: A budget adjustment is requested to
f..nd an economic development grant request.
Project or Item Deleted: Proposed funding is from the Reserve for
Economic Development recorded in General Fund.
Justification: A cellular telephone company is planning to relocate
ec Fayetteville and has requested a grant to assist with infrastructure
improvements associated with their site. The funds proposed to
fund this request are funds in an economic development reserve
account recorded in General Fund.
Justification: The request can be fulfilled from funds that were
established for economic development purposes. Sufficient funds eels
to meet this request.
Increase
Account Name Amount Account Number Project Number
Economic Development Grant
23,750 1010 6600 5721 00
Decrease
Account Name Amount Account Number Project Number
Use of Fund Balance 23,750 1010 0001 4999 99
Rcq By
Budget oordinator
Approval Signatures
Department pirector
Adm. Services Directs r
Mayor
•
I •C i 1�L
t: by
Budget Office Use Only
Type: A BCD le F
Date of Approval
Posted to General Ledger
Entered in Category Log
Budget Office Cop
•
•
•
W
1.% Th -aa -a, \ a-,
_
—V•rr fa
`•
al
•
]YI
71:
p11 Y• •lalla I n 4
��.
2 . :.p
I....�.y.,.>_>_., , ._ r 1°' S...... 1 3'[ c' —J t•..•...."'
T 1 S1A, aMQ •I
tir
� a flr9r, ▪ s• 2 J !. a \1-fT\-C {eta la a
W.111111 a'\ 'aTT'>) r
,Tc. -\s < y Cr 411
•
• -ni i �I j` Ino
•
tj
• . I --r-_ �-u-114
471
•
71�r �K YYUYa.OY 1 �� , e y I
�JYa Y n 11
rid
v I ]a
u"aVl •OO°I
•
ILI 70 at
'
`;