HomeMy WebLinkAboutResolution 14-1994 .�.
RESOLUTIOH N0. 14-94
A RESOLUTIOH APPROVING FUNDIHG OF AN ECONOMIC DEVELOPMEHT
POSITION OF THE BROOKIHGS AREA CHAMBER OF COMMERCE
WHEREAS, the Brookings Area Chamber of Commerce is attempting to
establish a ner► economic development position of employment and
requires additional funding for said position, and
WHEREAS, the proposed economic development position rrill promote
the City of Brookings, and
WHEREAS, the City would fund said economic development position
with funds to be transferred by the Brookings Municipal Utilities, and
WHEREAS, the governing boerd of the Brookings Municipal Utilitiee
has advised the City Commission that it desires to transfer the sum of
550, 000. 00 each year for a period of two (2) years to the City to then
be paid to the Brookings Area Chamber of Commerce to fund an economic
development position of employment, nop therefore
BE IT RESOLVED by the Governing Body of the City of Brookings
that the proposed economic development position of the Brooking Area
Chamber of Commerce be funded for two (2) years in the amount of
550, 000. 00 per year and that the sum of 5100, 000. 00 be transferred by
the Brookings Municipal Utilities to the City and that said sum of
550, 000. 00 per year be paid to the Brookings Area Chamber of Commerce
for the purpose of funding an economic development position of
employment for a period of two (2) years.
Passed and approved this 25th da of January, 1994.
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Mayor
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Fina�l�'� Officer `
( • �' RESOLUTION NO. 2 - 94
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• RESOLUTION AMENDING RESOLUTION NO. 33-93 PROVIDING
FOR FORMULAS FOR TR.ANSFER OF UTILITY SURPLUS FUNDS TO
THE CITY GENERAL FUND AND SCHOOL DIS�RICT
WHEREAS the Broakings Mu�icipal Utilities passed
Resolution No. 33-93 providing for the formula used to
calct�late the transfer of Utility st�rplus f�nds to the City
General Fund and School District 5-1 beginning January 1,
1994; and
WHEREAS it is the intent of the Brookings
Municipal Utilities to change the above established
formulas used to calculate the transfer of surplus funds by
adding thereto the amount of $�00,000.00 for the year 1994
in accQrdance with the request of the City Commission as
expressed in their ResoZt�tion No. 14-94 which resolution �s
�ereby incorporated and made a part hereo€.
NOW, THEREFORE, BE IT RESOL�IED by the Brookings
M�nicipal Utilities Board that Reso�t�tion Na. 33-93 be
amended to provide that, beginning Jant�ary 1, 1994,
transfers be made to the City Ge�eral Fund and Brookings
School District 5-1 from the Telephone and Electric Funds in
amounts as established by the following for4nula:
Electric Fund
Total Gross Revenues X 4.90% to
the Cit� General Fund
To�.al Gross Revenues X 1.10% to
Brookings School District 5-1
Telephone Fund
*Total Gross Revenues X 28a to
the City Ge�eral Fund
Plus $200,Q�0.00 to the City General
Fund/Community Bettermen� Fund
Plus $100,000.00 to the City General
Fund designated for the Brookings
Area Chamber of Commerce and Convention
Bureau.
*Tota� Gross Revenues X 4. 35% to
the Brookings School District 5-1
*Excluding revenues der�ved from deregulated and
telemarketing activities.
Adopted this 14th day of February, 2994.
ATTEST:
Paul F. Rogers, Secretary Lynn A. Anderson, Pres�.dent
AGREEMENT FOR THE TRANSFER
OF SURPLUS UTILITY FUNDS
THIS AGREEMENT , made on this 14th day of February �
1994 , between the Brookings City Commission and the Brookings
Municipal iltilities Board , a municipal corporation of the State
of South Dakota ,
WITNESSETH:
WHEREAS, the City Commission has approved Resolution No.
14-94 which provides that money under the control of the
Brookings Municipal Utilities Board be used toward payment of
salary expenses of the Economic Development Director for the
Brookings Area Chamber of Commerce and Convention Bureau; and
WHEREAS , SDCL 9-12-11 provides that the City Commission may
expend funds for the promotion of the City through payments to
the Chamber of Commerce ; and
WHEREAS , SDCL 9-39-24 provides that the Utility Board may
enter into agreements for the transfer of surplus funds under
its control to the General Fund of the City Commission.
NOW THEREFORE , BE IT RESOLVED in consideration of the
mutual undertakings herein contained the parties hereto agree
as follows :
Section 1 . TERM.
This a�reement shall become effective on the day , month and
year first written and shall remain in effect for one year or
until terminated by the City Commission or the Utility Board
giving to the other not less than six month's written notice of
its intention to terminate .
Section 2 .
The Utility Board shall , as described in Section 3 below,
transfer funds to the City General Fund. The City Commission
shall , in turn , transfer these funds to the Brookings Area
Chamber of Commerce and Convention Bureau. The City Commission
may elect to transfer the funds in increments of $50, 000 in 199u
and $50, 000 in 1995 .
Section 3 . UTILITY TRANSFERS .
A transfer shall be made in the month of March in the
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amount of $100, 000 designated for the Brookings Area Chamber of
Commerce and Convention Bureau.
BROOKINGS MUNICIPAL UTILITIES BOARD
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President , Utility Board
ATTEST :
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Secretary, ility Board
CITY OF BROOKINGS
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