HomeMy WebLinkAbout69-19 - Establishing Golf Course Fund Designated as Fund 53 - $75,000.001-4
RESOLUTION NO. 69-19
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COSTA
MESA ESTABLISHING A GOLF COURSE FUND TO RE DESIGNATED
AS FUND NO. 53 AND AUTHORIZING THE TRANSFER OF $75,000.00
WORKING CAPITAL FROM THE GENERAL FUND.
WHEREAS, the City of Costa Mesa has taken over the operation and maintenance
of the 36 -hole golf course facility of the Costa Mesa Golf and Country
Club, effective as of March 1, 1969; and
WHEREAS, the contract with Pro Enterprises, Inc. dated April 15, 1968
requires that the City purchase certain items of course maintenance equip-
ment at the depreciated values shown on their accounting records; and
WHEREAS, the maintenance end operation of the Golf Course requires
the establishment of a fund for accounting purposes and the provision of
working capital for the operation, and
WHEREAS, this City Council deems it to be in the best interest of the
City that a Golf Course Fund be established and that $75,000.00 be
transferred to this fund from the General Fund of the City to cover the
initial required expenditures;
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of
Costa Mesa, that a Golf Course Fund, to be known and -designated as Fund
No. 53, be and the same is hereby established; and
BE IT FURTHER RESOLVED, that the transfer of $75,000.00 to this Fund
from the General Fund of the City is hereby approved and authorized.
PASSED AND ADOPTED this 3rd day of March, 1969,
Mayor /oF7 f the City of Costa -Mess
ATTEST:
ostaMese
ATTEST:
City Clerk of the City of Costa Mesa
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF COSTA MESA )
I, C. K. PRIEST, City Clerk of the City of Costa Mesa and ex -officio
Clerk of the City Council of the City of Costa Mesa, hereby certify that
the above and foregoing Resolution No. 69-19 was duly and regularly passed
by the City Council of the City of Costa Mesa at a special meeting held on
the 3rd day of March, 1969.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal
of the City of Costa Mesa, this 4th day of March, 1969•
City Clerk and ex -officio Clerk of the
City Council of the City of Costa Mesa