HomeMy Public PortalAboutResolution #2012-21, A Resolution Creating A Multi-Use Trail Donations Fund RESOLUTION#2012-21
A RESOLUTION CREATING A MULTI-USE TRAIL DONATIONS FUND
WHEREAS, the City Council of the City of Riverdale wishes to build a multi-use trail
from Bellingham Road to Fenno Road;
WHEREAS,the City of Riverdale has secured a grant in the amount of$494,956
toward the design, engineering, right-of-way purchase and construction of said Multi-use trail;
WHEREAS,the City Council of the City of Riverdale understands that this grant does
not pay the entire cost of the multi-use trail and that matching funds are required;
WHEREAS,the City Council of the City of Riverdale understands that the General
Public may want to donate monies to pay for the remainder of the cost of design, engineering,
right-of-way purchase, construction of the trail;
WHEREAS,the City Council of the City of Riverdale understands that these donated
monies must be returned to the donors of said monies in the event that the plan to build said
trail is abandoned and the trail is not built;
WHEREAS,the City of Riverdale wishes to hold said monies and account for said
monies separately from all other City monies.
NOW, THEREFORE BE IT RESOLVED BY THE COUNCIL OF THE CITY
OF RIVERDALE, IOWA, that a fund, named "Multi-use Trail Donations Fund", will be
held within the assets of the City of Riverdale, for the purpose of holding monies donated for
the purpose of paying the cost of design, engineering, right-of-way purchase and construction
of the a multi-use trail, to be expended at the direction of the City Council for the design,
engineering, right-of-way purchase and construction of the trail or to be returned to the donors
of said monies in the event that the plan to build said trail is abandoned and the trail is not
built.
PASSED, APPROVED AND ADOPTED THIS 18 December 2012, by the following
vote:
Ayes: Channon, Paddock Nays:0
Littrel, Halsey
Absent: Hupp
ATTEST:
ohn J. Fra lin, Mayor Paula McIntosh, City Clerk