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CCR1971127RESOLUTION #127-71 ESTABLISHING A CAPITAL BUDGETING PROGRAM THROUGH THE YEAR 1975 WHEREAS, it is the responsibility of the Capital Budgeting Committee Budget Program, and WHEREAS, the Capital Budget for 1971 has been completed and accepted by the Council, and WHEREAS, the Capital Budgeting Committee has recommended the following Capital Budgeting Program: @ to prepare for consideration by the Council a five-year Capital 1972 - Public Works Police Department Park & Recreation Industrial Park Dredge 0 ther Aerial Mapping Public Works Dredge Police Department Park & Recreation Other Public Works Park & &creation Aerial Mapping Police DeDartment $ 180,000.00 15,000.00 28,250.00 250,000.00 40.000.00 40;OOO.OO TOTAL 553.250.00 1973 - 12,500.00 167,000.00 40,000.00 15,000.00 24,800.00 40,000.00 TOTAL 299,300.00 - 1974 185,000.00 7,500.00 12,500.00 15.000.00 Comprehensive Drainage Study 12 ; 500.00 0 ther 40,000.00 TOTAL 272,500.00 1975 - Public Works 172,000.00 Comprehensive Drainage Study 12 , 500.00 Park & Recreation 27,000.00 Police Department 15,000.00 0 ther 40,000.00 266,500.00 and WHEREAS, it is anticipated the revenues needed to finance this program will be provided by General Obligation Bonds in the amount of $1,391,550.00 and Non-General Obligation souraes for sewers $750,000.00, and WHEREAS. the Finance Committ Page 2. ee has recommended that the CaDi ta :L a Budget as proposed by the Capital Budgeting Committee be accepted by the Council. THEREFORE, BE IT RESOLVED that the Comon Council of the City of Muskego does hereby accept the report of the Capital Budgeting amount of $1,391,550.00 plus sewer expenditures in the amatunt of $750,000.00 for the purposes shown below. BE IT FVRTHER RESOLVED that the priorities of the Capital Budgeting Committee as established in their recommendation, are to be reviewed and updated each year by the Comittee and the Council. w Comittee establishing capital expenditures through 1975 in the SEWER CONSTRUCTION PROGRAM 1912 - Hillendale Heights & Hi-Y Ranches $250,000.00 1973 - Lake Denoon Area 500,000.00 n , 1971 UINANCE COMMITTEE Lois Sapp .I -. Robert Burgermeister ATTEST: