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RESOLUTION 1864
A RESOLUTION ESTABLISHING FUND 627 MRK PARK TRUST FUND
RECITALS:
1. The city entered into an agreement with MRK Corporation to accept a gift of land for eventual
use as a public park.
2. MRK desires to deposit $50,000 with the city which is to be maintained by the city in a sepa
rate interest bearing fund with contractual stipulations regarding specified usage and matching
requirements.
RESOLVED:
1.That Fund 627, "MRK Park Trust Fund", be established and maintained per the agreement
with MRK Corporation. The monies int he trust fund will be transferred to a budgeted 300
capital improvement fund and any actual expenditures will be made from the capital improve
ment fund.
Adopted by the City Council on December 13,1994
ATTEST:
Finance Director