res_10507 - Laserfiche WebLink

Home

EXTRACT OF MINUTES OF MEETING OF THE CITY COUNCIL OF THE CITY OF ROSEVILLE * * * * * * * * * * * Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Roseville, County of Ramsey, Minnesota was duly held on the 21 st day of May 2007 at 6:00 p.m. The following members were present: Roe, Kough, Thlan, Pust and Klausing and the following were absent: none Member Roe introduced the following resolution and moved its adoption: RESOLUTION 10507 RESOLUTION ADOPTING THE CAPITAL REPLACEMENT POLICY FOR THE CITY OF ROSEVILLE WHEREAS, the City Council of the City of Roseville, Minnesota desires to establish financial and budget policies that provide for the sustainability of City programs, services and infrastructure; and WHEREAS, the City Council of the City of Roseville, Minnesota desires to maintain the City's strong financial condition; and WHEREAS, the City Council of the City of Roseville, Minnesota desires to provide appropriate fiscal and budgeting controls. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Roseville, Minnesota, that the following Capital Replacement Policy be adopted and remain in effect until such time that a subsequent policy action is taken. Capital Replacement Policy Purpose The Roseville City Council has set in place a stable funding mechanism for much of the city's infrastructure. The intent of the Council in having Replacement Policies is to provide for easing the burden on both present and future taxpayers and to assure the replacement of the city's infrastructure in a manner that is both fiscally and operationally prudent. The primary purpose of this policy is to have specific resources set aside on a periodic basis, to create funding for the major equipment and infrastructure needs of the community, without encountering major tax increases for maintenance and replacement.