HomeMy WebLinkAbout87-96 RESOLUTION•
RESOLUTION NO. 87-96
A RESOLUTION AUTHORIZING THE REIMBURSEMENT OF
UP TO $50,000 TOWARDS THE PURCHASER'S COSTS OF
EXTENDING EXISTING WATER AND SEWER LINES TO
LOT "AA" OF THE FAYETTEVILLE SOUTH 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 Fayetteville City Council hereby authorizes the reimbursement of
up to $50,000 towards the costs expended by the buyers of Lot AA of the Fayetteville South
Industrial Park (sold by the Fayetteville Development Foundation) for the extension of existing
water and sewer lines to'service said property.
Section 2. The City Council hereby approves a budget adjustment in the amount of
$50,000 increasing the transfer to Water & Sewer Fund, Acct. No. 1010 6600 7602 40 and
decreasing Use of Fund Balance, Acct. No. 1010 0001 4999 99. A copy of the budget
adjustment is attached hereto and made a part hereof.
PASSED AND APPROVED this 16th day of July , 1996.
Traci Paul, City Clerk
APPROVED:
By:
Fr44teiLl
ed Hanna, Mayor
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City of Fayetteville, Arkansas•
Budget Adjustment Form
Budget Year
1996
Department: General Govemment
Division: Miscellaneous
Program:
Date Requested
07/17/96.
Adjustment #
Project or Item Requested:
Funding is requested to construct a water line in the industrial park for
the USPS Facility.
Project or Item Deleted:
None. U e of fund balance is proposed for this adjustment.
Justification of this Increase: Justification of this Decrease:
This adjustment is requested to aid in the recruitment of industry for Sufficient fund balance remains to fund this request and comply with City pol
the city.
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Increase
Account Name Amount Account Number Project Number
Transfer to Water & Sewer Fund 50,000 1010 6600 7602 .40
Water Line Improvements 50,000 5400 5600 5808 00 96103
Decrease
Account Name Amount Account Number Project Number
Use of Fund Balance
Transfer from General Fund
50,000 1010 0001 4999 • 99
50,000 5400 0940 6602:01
Approval Signatures
Budget
o dinator
Department Director
747_,L
ilS
Mayo
C \APP\96BUD\USPSIPRK.WKI
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Type:
B
Date of Approval
Posted to General Ledger
Entered in Category Log
Budget Office Use Only
F
Budget Office Copy
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