HomeMy WebLinkAboutResolution 72-2000 RESOLUTION NO. 72-00
A RESOLUTION OF THE GOVERNING BODY OF THE CITY OF BROOKINGS,
SOUTH DAKOTA, DECLARING AN OFFICIAL INTENT TO USE A PORTION OF
THE SEVENTY-FIVE PERCENT (75%)OF THE REVENUES FROM THE ONE
PERCENT (1%) OF MUNICIPAL SALES AND SERVICE AND USE TAX FOR THE
BROOKINGS SOCCER COMPLEX PROJECT
WHEREAS,the Brookings Park and Recreation Department has or will spend funds on a
soccer complex according to state statute that are in accordance with the spending of second
penny sales tax,
WHEREAS,the funding sources for the project are hereby authorized as follows:
Second Penny—75% $513,250
Second Penny—25% $ 75,000
2001 City Budget $ 76,000
Field Sponsors $150,000
Grants $ 75,000
Future Park Budgets $100,000
WHEREAS, actual bids and costs will be utilized to reduce the second penny allocation
first to an amount not less than$475,000 and future park budgets second,
NOW, THEREFORE, BE IT RESOLVED,that a sum of not to exceed $513,250 from
the revenues of the second penny sales tax as approved in Ordinance No. 25-96 and Ordinance
No. 20-98, shall be dedicated for the soccer complex project.
Passed and approved this 4�' day of June, 2001.
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� Shari Thornes, City Clerk