HomeMy WebLinkAboutRes 2007-20 L
RESOLUTION NO. 2007-20
A RESOLUTION OF THE MAYOR AND COUNCIL OF THE TOWN OF
FOUNTAIN HILLS, ARIZONA, AUTHORIZING THE TRANSFER OF
APPROPRIATIONS FROM FOUNTAIN PARK CAPITAL OUTLAY
IMPROVEMENTS TO THE SUPPLIES AND SERVICES RENT.
WHEREAS, pursuant to and ARIz. REV. STAT. § 42-17106, the Mayor and Council of
the Town of Fountain Hills (the "Town Council") may transfer appropriations between budget
items where (i)the monies are available, (ii) the transfer is in the public's interest and based on a
demonstrated need and(iii) the transfer does not violate the limits prescribed in Article IX, §§ 19
and 20, of the Arizona Constitution; and
WHEREAS, the Town Finance Director has determined that monies are available in
Fountain Park Capital Outlay Improvements; and
WHEREAS, a transfer from Fountain Park Capital Outlay Improvements to Supplies and
Services Rent is in the public's interest and is based on a demonstrated need to pay the judgment
in the 562502 Ontario, Inc. v. Town of Fountain Hills matter; and
WHEREAS, the Town Finance Director has determined that the transfer of
appropriations from Fountain Park Capital Outlay Improvements to Supplies and Services Rent
does not result in a violation of the limitations prescribed in Article IX, §§ 19 and 20, of the
Arizona Constitution because the transfer is within the General Fund and does not result in an
increase of expenditures in the General Fund; and
WHEREAS, the Town Council desires to approve the transfer of $927,490.91 from
Fountain Park Capital Outlay Improvements to Supplies and Services Rent.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE TOWN OF FOUNTAIN HILLS as follows:
SECTION 1. That the following transfer from Fountain Park Capital Outlay
Improvements is hereby approved:
Transfer from Amount Transfer to
Fountain Park Capital Outlay Improvements $927,490.91 Supplies and Services Rent
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SECTION 2. That the Mayor, the Town Manager, the Town Attorney, the Town Clerk
and the Town Finance Director are hereby authorized and directed to take all steps necessary to
carry out the purpose and intent of this Resolution.
PASSED AND ADOPTED by the Mayor and Council of the Town of Fountain Hills,
May 1, 2007.
FOR THE TOWN 0 OUNTAIN HILLS: ATTEST:
W. .Nicho , Mayor Bevelyn J. B der own Clerk
REVIE : APPROVED AS TO FORM:
j.AtyLitv,
Timothy G. ickering, Town nager ew J. McGuire, Town Attorney
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