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<br />. <br /> <br />RESOLUTION NO. 2460 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />A RESOLUTION ESTABLISHING A VEHICLE & EQUIPMENT <br />REPLACEMENT FUND <br /> <br />WHEREAS, during the 1989 Budget process CounciL approved <br />the concept of a vehicle and equipment replacement program: <br />and <br /> <br />WHEREAS, the Council desires to finance periodic <br />replacement of City vehicles and equipment by annual budgetary <br />transfers to a special fund: <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of <br />the City of Mounds View <br /> <br />. <br /> <br />1. There is hereby established and created a separate and <br />special fund designated as the Vehicle & Equipment Replacement <br />Fund, which the Clerk-Administrator and Finance <br />Director/Treasurer shall maintain on the official accounting <br />records and financial statements of the City and administer in <br />accordance with this resolution. <br /> <br />2. This Fund shall only be used to purchase vehicles and <br />equipment pursuant to City purchasing policy. <br /> <br />3. There shall be deposited in the Fund such monies as may be <br />directed by Council. These may include budgetary <br />appropriations, interfund transfers and proceeds from the <br />issuance of Equipment Debt Certificates or Capital Notes. <br /> <br />Adopted this 13th day of March, 1989. <br /> <br />ATTEST; <br /> <br />'.', <br /> <br />(SEAL) <br /> <br /> <br />. <br />