HomeMy WebLinkAbout29292 / 78-20�
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January 5, 1978
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ADDENDUM
RESOLUTION
PURPOSE: ESTABLISH TEMPORARY CONSTRUCTION ACCOUNT FOR
SOUTH SIDE LIBRARY RENOVATION PROJECT
INITIATE� BY: COMMUNITY DEVELOPMENT
BE IT RESOLVED by the Common Council of the City of
Oshkosh that FIFTEEN THOUSAND ($15,0003 DQLLARS is hereby
authorized and directed to be transferred from General Fund
Equity #310-550 to the South S�de Library Renovation Project
to s�rve as a temporary Construction Account to be
reimbursed from the grant award upon projec�t completion.
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This is to notifv anyone �ancerned that there will be
the following addendum on the regular City Council
meeting agenda for January 5� 197g:
#20 Res. Establish Temporary Construction
Account for South Side Library Reno-
vation Project.
CITY OF OSHKOSH
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January 4 1978
3:00 p,m,
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FROM:
DATE:
M E M 0 R A N D U M
Ali Common Council Members
David L. Wendtland, Assistant City Manage
January 4, 1978
SUBJECT: Attached Resolution for South Side Library
Rer_ovation Proj ect
As you are aware, the City of Oshkosh has received
formal approval of the South Side Library Renovation
Project and the Sewer Separation Project from the Economic
Development Administration.
Work has already begun on the Sewer Separation Project
and authoriza�ion to proceed on the Library Renovation
Project is to be received this week.
Under the grant awards draw down on funds must entail
bills exceeding $10,000. Requisitions can be placed as
often as necessary, however, must exceed this amount.
To facilitate payment of bills in a timely manner,
it is recommended that the attached resolution be approved
by the Cor.lmon Council, which would temporarily transfer
$15,000 from General Fund Equity #310-550 into the
Construction �ccount for the Renovation Project. The
transfer would be repaid from the grant award, which is
100 percent o� the project cost.
There does not appear to be any problem to meet the
$10,000 limit on the Sewer Separation Project; however,
the Library Project is a relatively small project and has
already ar.d could continue to mean delaying payment of bills.
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