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HomeMy WebLinkAboutCity of Tamarac Resolution R-84-312Introduced by Temp. Reso. #3322 CITY OF TAMARAC, FLORIDA 1 RESOLUTION NO.R-84- 7/oZ 2 3 A RESOLUTION ESTABLISHING THE CITY COUNCIL'S FISCAL POLICY FOR THE USE OF THE PARKS AND 4 RECREATION CAPITAL FUND AND INTEREST EARNED ON THAT FUND; AND PROVIDING AN EFFECTIVE 5 DATE 6 WHEREAS, the City of Tamarac has a Parks and 7 Recreation Capital Fund which is made up primarily of.impact 8 fees paid by land developers in amounts prescribed by the 9 Tamarac City Code; and 10 WHEREAS, the City Code and state law require that 11 such funds be dispersed only for acquisition of parks and 12 recreation land and other capital assets to further enhance 13 the City's parks and recreation programs; and 14 WHEREAS, there has been a concern voiced on City 15 Council for the cost to the City taxpayers of operating the 16 City parks and recreation facilities and questions have been 17 raised regarding the proper use of the City Parks and 18 Recreation Captial Fund; 19 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL 20 OF THE CITY OF TAMARAC, FLORIDA. 21 SECTION 1: That the City Council hereby affirms 22 its policy that the money contained in the City Parks and 23 Recreation Capital Fund be used solely as prescribed by the 24 City Code for the acquisition of land and the purchase of 25 capital improvements, both for parks and recreational purposes, only, not for payment of operation and maintenance 26 costs. 27 28 SECTION 2: That any interest earnings received by the City from the investment of the Parks and Recreation 29 4 Capital Fund shall be earmarked for operation and maintenance costs of the City parks and recreation programs and facilities. 32 SECTION 3: That the City Manager and his staff are 33 charged with the execution of the policy set out in this 34 Resolution and if any question should arise as to the application of this fiscal policy, then it shall be brought -1- UU Temp. Reso. #3322 before the City Council by the City Manager or any Council member to be resolved. SECTION 4: This Resolution shall take effect immediately upon its passage. PASSED, ADOPTED AND APPROVED this _ ly_day of 1984. MAYOR ATTEST: CITY CL K I HEREBY CERTIFY that I have approved the form and correctness of this RESOLUTION. W 1085R100884/t RECORD OF COUNCIL VOTE MAYOR: KRAViTZ „ry DISTRICT 4: Vjjy1 SfE1N DISTRICT 3: C/M STELZER �_ DISTRICT 2: C/M MUNITZ , ` /- DISTRICT 1: C/M�Si z -2- UU