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RESOLUTION 2015 — 12 <br /> A RESOLUTION APPROVING THE COMMITTED FUND RESERVES FOR STREET <br /> AND SIDEWALK CAPITAL IMPROVEMENT <br /> WHEREAS, Street and Sidewalk Capital Improvements have been deemed in public <br /> meetings and documents to be of the highest priority by the City Manager and the City <br /> Council, and <br /> WHEREAS, there are streets in University City, which are in urgent need of <br /> improvement, and <br /> WHEREAS, the General Fund has is in excess of the City Council Official Reserve <br /> Policy 17 percent maintained reserve, and <br /> WHEREAS, immediate City Council action is required to facilitate the initiation of <br /> construction in FY2016, <br /> NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br /> OF UNIVERSITY CITY, that the City Council directs $1,200,000 of the fund reserves to <br />• be committed to and applied to Capital Improvement of Streets and Sidewalks in urgent• <br /> need of improvement to be selected by the City Manager and Director of Public Works. <br /> • <br /> Adopted the 8th day of June, 2015 • <br /> A LJ <br /> • <br /> Mayor <br /> Attest: <br /> • <br /> la" <br /> 'Clerk <br />