HomeMy WebLinkAboutResolutions - No. 2003-126RESOLUTION NO. 2003-126
A RESOLUTION OF THE LODI CITY COUNCIL
AUTHORIZING THE CREATION OF A NEW CAPITAL
BUDGET ACCOUNT, A CAPITAL CONTINGENCY FUND,
FOR THE CITY OF LODI ELECTRIC UTILITY
DEPARTMENT
NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby
authorize the creation of a new Capital Budget Account, a capital contingency fund, for
the City of Lodi Electric Utility Department; and
BE IT FURTHER RESOLVED that the account shall maintain an annual funding
level of $200,000.00. The intent of this fund is to recognize that unanticipated requests
generally are funded but that a systematic way or manner of treating these requests be
undertaken.
Dated: July 16, 2003
I hereby certify that Resolution No. 2003-126 was passed and adopted by the
City Council of the City of Lodi in a regular meeting held July 16, 2003, by the following
vote:
AYES:
COUNCIL MEMBERS — Beckman, Hansen, Howard, and Land
NOES:
COUNCIL MEMBERS — None
ABSENT:
COUNCIL MEMBERS — Mayor Hitchcock
ABSTAIN:
COUNCIL MEMBERS — None
SUSAN J. BLACKSTON
City Clerk
2003-126