HomeMy WebLinkAboutR-72-0117RESOLUTION NO. 7 — /77
A RESOLUTION ALLOCATING $75, 000 FROM THE
CAPITAL IMPROVEMENT FUND - UNALLOCATED
FUNDS AND CANCELLING $50, 000 IN THE ACCOUNT
ENTITLED "NEW BEAUTIFICATION PROJECTS"
WITHIN THE CAPITAL IMPROVEMENT FUND -
UNALLOCATED FUNDS, TO PROVIDE FOR THE
INITIAL FUNDING FOR THE YOUTH COMMUNITY
CENTER TO BE DEVELOPED AT EDISON PARK;
FURTHER PROVIDING THAT SAID FUNDS BE
RETURNED TO THE CAPITAL IMPROVEMENT FUND -
UNALLOCATED FUNDS, UPON THE SALE OF THE
PARKS AND RECREATIONAL BOND ISSUE.
WHEREAS, it has been determined that a Youth Community
Center is needed for the Edison Park; and
WHEREAS, funds in the amount of $50, 000 can be made
available by re -allocation from an account identified as "New Beautifi-
cation Projects" within the Capital Improvement Fund - Unallocated
Funds account; and
WHEREAS, sufficient uncommitted funds from the Capital
Improvement Construction Fund - Unallocated, can supplement the
$50, 000 previously allocated from the "New Beautification Projects";
and
WHEREAS, the combining of these sources of funds will
provide $75, 000 to initiate the development of the Edison Center Youth
Community Center; and
WHER EAS, $75, 000 will be returned to the Capital Improvement
Fund - Unallocated Funds, from the Parks and Recreational Bond Issue
when it is sold;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION
OF THE CITY OF MIAMI, FLORIDA:
t„ .cs.ie.t
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Section 1. That $75, 000 be, and is hereby, allocated from
the Capital Improvement Fund - Unallocated Funds, and $50, 000 be,
and is hereby, cancelled from the account entitled "New Beautification
Projects" within the Capital Improvement Fund - Unallocated Funds, to
provide for the initial funding for the Youth Community Center to be
developed at Edison Park.
Section 2. That said funds be returned to the Capital Improve-
ment Fund - Unallocated Funds, upon the sale of the Parks and Recreational
Bond Issue.
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PASSED AND ADOPTED this c=° day of a'�� , 1972.
APPROVED AS TO FORM AND CORRECTNESS
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