HomeMy WebLinkAboutITEM VIII-B-7
CITY OF
AUBU~.N
WASHINGTON
AGENDA BILL APPROVAL FORM
Agenda Subject: Date:
Resolution No. 4293 Janua 15, 2008
Department: Attachments: Budget Impact:
Finance Resolution N 0.4293
Administrative Recommendation:.
Cit Council to ado t Resolution No. 4293.
Background Summary:
Resolution No. 4293 authorizes the Mayor and C ity Clerk of the City of Auburn to transfer excess funds
in the amount of $44,800.00 from the LID Guarantee Fund (Fund No. 249) to the General Fund. The LID
Guarantee Fund has funds in excess of ten percent of the net outstanding obligations guaranteed by such
fund as required by RCW 35.54.095.
N0122-5
F4.7, F2.4.9
Reviewed by Council & Committees: Reviewed by Departments & Divisions:
^ Arts Commission COUNCIL COMMITTEES: ^ Building ^ M&O
^ Airport ®Finance ^ Cemetery ^ Mayor
^ Hearing Examiner ®Municipal Serv. ®Finance ^ Parks
^ Human Services ^ Planning & CD ^ Fire ^ Planning
^ Park Board ^Public Works ^ Legal ^ Police
^ Planning Comm. ^ Other ^Public Works ^ Human Resources
^ Information Services
Action:
Committee Approval: ^Yes ^No
Council Approval: ^Yes ^No Call for Public Hearing _/_/_
Referred to Until _/_/
Tabled Until _/_/_
Councilmember: Backus Staff: Coleman
Meetin Date: Janua 22, 2008 Item Number: VI11.6.7
~j~j$j~~~N * MORE TI-IAN YOU IMAGINIrD
RESOLUTION NO. 4293
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
AUBURN, WASHINGTON, TO AUTHORIZE THE TRANSFER
OF EXCESS .FUNDS FROM THE LID GUARANTEE FUND
TO THE GENERAL FUND
WHEREAS, the LID Guarantee Fund (Fund No. 249) has funds in excess
of ten percent of the net outstanding obligations guaranteed by such fund as
required by RCW 35.54.095; and
WHEREAS, the City of Auburn has considered the requirements of the
LID GUARANTEE FUND as specified by RCW 35.54.095 and has determined
the necessity to transfer the amount of FORTY FOUR THOUSAND EIGHT
HUNDRED dollars ($44,800) from the LID Guarantee Fund to the General Fund
(Fund No. 001).
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF AUBURN,
WASHINGTON, HEREBY RESOLVES AS FOLLOWS:
Section 1. Purpose. The Auburn City Council does hereby approve the
transfer of FORTY FOUR THOUSAND EIGHT HUNDRED dollars ($44,800) from
the LID Guarantee Fund to the General Fund
Section 2. Implementation. The Mayor of the City of Auburn is hereby
authorized to implement such administrative procedures as may be necessary to
carry out the directions of this resolution.
Section 3. Effective Date. This Resolution shall take effect and be in full
force upon passage and signature hereon.
Resolution No. 4293
January 22, 2008
Page 1 of 2
Dated and Signed this day of , 2008.
CITY OF AUBURN
PETER B. LEWIS
MAYOR
ATTEST:
Danielle E. Daskam, City Clerk
APPROVED AS TO FORM:
~~
D n'el B. Heid, City Attorney
Resolution No. 4293
January 22, 2008
Page 2 of 2