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<br />o The City should periodically review and follow industry-recommended replacement <br />schedules for all City capital assets. <br /> <br />Implementation <br />The City shall use replacement funds to assist in the replacement of equipment, vehicles, and <br />building maintenance. New equipment or buildings are to be funded from new dollars, unless <br />they are designated to replace currently depreciated assets. Funds from the replacement funds <br />may be used up to the amount available from depreciation of the replaced asset. Any additional <br />funding shall be from new sources. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Member Pust <br />and upon a vote being taken thereon, the following voted in favor thereof: Roe, Kough, Ihlan, <br />Pust and Klausing <br /> <br />and the following voted against the same: none. <br /> <br />WHEREUPON, said resolution was declared duly passed and adopted. <br />