HomeMy WebLinkAbout11-100 Establish Facilities Mgmt Fund and Close Building Fund
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 1 1 - 100
A RESOLUTION APPROVING THE ESTABLISHMENT OF THE FACILITIES MANAGEMENT FUND
AND THE CLOSURE OF THE BUILDING FUND
Motion By: Hedberg Second By: Soukup
WHEREAS, The City has approved the 2012 - 2016 Capital Improvement Program; and
W HEREAS, The Facilities Management Plan is a component of the 2012 - 2016 Capital Improvement
Program which identifies major repairs and improvements to all City - owned buildings and
the funding sources necessary to fund these expenditures over a 25 - year perio d; and
WHEREAS, The City desires to segregate expenditure and revenue activity associated with the
Facilities Management Plan; and
WHEREAS, The Building Fund (Fund 420) has residual funds available from past City projects (i.e.
City Hall & Police Sta tion and Fire Station #2) and insurance pr oceeds from a hail
damage claim; and
WHEREAS, The City does not anticipate the construction of any new facilities so the Building Fund
should be closed and any remaining funds appropriated for a new purpose.
NOW THEREFORE , BE IT HEREBY RESOLVE D BY THE CITY COUNCI L OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. The City establishes the “Facilities Management Fund” for purposes of tracking major repairs and
improveme nts to all City - owned buildings and the associated funding sources.
3. Staff is authorized to close the “Building Fund” and transfer all account balances including any
remaining fund balance reserves to the “Facilities Management Fund . ”
PASSED AND ADOPTED THIS 15th DAY OF AUGUST 201 1 .
YES NO
Myser X Myser
Erickson X Erickson
Hedberg X Hedberg
Keeney X Keeney
Soukup X Soukup
______________________________
Frank Boyles, City Manager