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HomeMy WebLinkAboutOrdinance 43-2003 Ordinance No. 43-03 An Ordinance Rescinding Ordinance No. 17-03 To Comply With An Auditor's Recommendation BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY OF BROOKINGS, SOUTH DAKOTA,AS FOLLOWS,TO-WIT: Section I. WHEREAS there was a Capital Reserve established for Fire Department Buildings and Equipment(Fire Substation and Rescue Truck); and Section II. WHEREAS Ordinance No. 17-03 increased the Fire Capital reserve to$270,000 for the purchase of a heavy rescue truck; and Section III. WHEREAS the Auditor has recommended that the capital reserve be eliminated and expenditures made directly from the 25% Second Penny Fund; and Section IV. NOW,THEREFORE BE IT RESOLVED,that Ordinance No. 17-03 be rescinded,the capital reserves eliminated by placing the funds in the 25% Second Penny Fund; and Section V. IT IS FURTHER RESOLVED,that the annual appropriation from the 25% Second Penny Fund be increased by$270,000. FIRST READING: October 14, 2003 SECOND READING AND ADOPTION: October 28,2003 PUBLISHED: October 31, 2003 CO. Scott D. Munsterman, Mayor <<�: a _r.ornes, City Clerk