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RESOLUTION 7190 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />AUTHORIZING THE EXPENDITURE OF PARK DEDICATION FUNDS FOR <br />THE LAKESIDE LIONS PARK PLAYGROUND EQUIPMENT REPLACEMENT <br />PROJECT <br />WHEREAS, the Lakeside Lions Park playground equipment has been <br />planned to be replaced at an estimated cost of $90,000; and <br />WHEREAS, the Lions have donated $50,000 towards this project and the <br />Spring Lake Park Parks and Recreation Commission have committed to <br />dedicating $20,000 towards this project; and <br />WHEREAS, the City of Spring Lake Park asked the Mounds View Parks <br />and Recreation Commission if they would consider providing $20,000 in <br />matching funds; and <br />WHEREAS, the Mounds View Parks and Recreation Commission is in <br />support of this project and has made a motion to recommend the expenditure of <br />$20,000 to be derived from the City's Park Dedication Fund to help finance the <br />Lakeside Lions Park Playground Equipment Replacement Project. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of <br />Mounds View, Ramsey County, Minnesota as follows: <br />1. The expenditure of funds from the Park Dedication Fund to help finance <br />the Lakeside Lions Park Playground Equipment Replacement Project is <br />hereby authorized. <br />2. The funds will be derived from the City's Park Dedication Fund, <br />Construction Account (Account 285-4470-7050), and will be issued to the <br />City of Spring Lake Park. <br />3. The amount of said funds will be based on matching funds from the City of <br />Spring Lake Park. <br />4. The amount of said funds shall not exceed $20,000. <br />5. Said funds will not be expended until after January 1, 2008. <br />6. The Mounds View Public Works Department is hereby authorized to assist <br />the City of Spring Lake Park in the installation and assembly of said <br />playground equipment. <br />