HomeMy WebLinkAbout1984-05-14 84-201 RESOLVE8d-xol
Introduced by Councilor Cox, Nay 19, 1984
CITY OF BANGOR
(TITLE.)BSO(t3Ba....... EsEpbllahing_.Golf. Gasnrae_xeserve._Chao._...._....__......
_..__.__.
By the City County of ds City of Bangor.
RBBOLM, Whereas, the Bangor Municipal Golf Course has continuing
needs for capital/equipment monies; and
POWhereas, the Bangor Munlcipal Gulf Course is Base self -
sustaining through its mm daily operations, and
Gaecaaa. it makes good practical sense to use
revenues generated at the Bangor Municipal GolfCourse
for cess
uch continuing capital needs;
Nov, Therefore, be 1t resolved by the Bangor City
Council that a Golf Course Reserve Fund be established
with a balance at any one time not to exceed $100,000.
Be it Further desolved, That in the event the Bangor
municipal Golf Course
should suffer operating loss,
such reserve monies shall be used to offset the loss.
Delete 1st "Whereas clause" and replace with following:
"Whereas, the Bangor Municipal Golf Caused has contimingneeds
for capital improvements add credit reserves, aM"-
Delete last 2 paragraphs and replace with the following
"Now, therefore, he it resolved by the Danger City Council that
reserve fans for the Municipal Golf Course he established net to
Geed at any o tied $100,ODO. as follows:
ry
(1) pasee for Capitol Improvements - Golf Coarse $90,000.
(2) Coedit Reserve Account - Golf Course $10.000.
$100,000. -
and that said fund he Sanded on an Anneal Basis by designating
one half of the net profits for the Golf Course Reserve Fred.
f' 84-201
Y
IN CITY Co@0IL R E S O L V E
?B� 14, 1984
'84 MAY 10 P347
Ae Eerrad-to Finance Conmiitee
and Consider next meeting by Eagan es,rve FordgECEIVEC
LM1efollowing yae and no votes. CITY OF BANOCN
f'oonciiors voting yes: from, 7
CITY CLEAN _
,. Davis, Frankel, Jordan,. mccartLy,
Tilley, and Willey. Councilor
o iog de: Car.
Depat City Clerk
IN&ITY COUNCIL
June 25 iu Cr4ty Council Ray 39,1984
Refuted to Knance Committee
0oHanext ext mreet�ingg
ty C clel H
in city eoum it Jure 11, 1984
Refered to Pirenee eomaittes consider
Met regular meeting
C y Clerk
IN CITY COUNCIL
June 25, 1984
AweHed and Passed by the following yes
and n0 votes. Councilors voting yes: Brown,
Cor, Davis. Jordan, melarthy, Wi elar and Willey.
Councilor voting no, Tilley. Councilor absentFrankel.
Reasolve also considered after 84-230.
E�plT ClCNN