R-91-1637 - 8/8/1991WHEREAS, the Ron Sproull Memorial Fund was created to provide
certain improvements to the park system in the City of Round Rock, and
WHEREAS, in accordance with the terms of the Fund, the City
desires to make certain electrical, landscaping and other repairs
within city parks, Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS,
That the City Council hereby authorizes the interest income from
the Ron Sproall Memorial Fund be - utilized to make electrical,
landscaping and other repairs with the city park system.
ATTEST:
RESOLVED this 8th day of August, 1991.
RS08081A
LAND, City Secretary
RESOLUTION NO. /69...370e/
7a1Z-
MIKE ROBINSON, Mayor
City of Round Rock, Texas
RON SPROULL MEMORIAL FUND
BUDGET
8 -8 -91
Interest Income Balance $34,000.00
Expenditures:
Electrical System Repairs 4,550.00
Light Fixture Replacement 700.00
Irrigation Repairs 2,000.00
Bench Repair /Replacement 500.00
Trail System Repairs 2,000.00
Contingency 1,000.00
$10,750.00
DATE: August 6, 1991
SUBJECT: City Council Meeting, August 8, 1991
ITEM: 9.A. Consider a resolution authorizing interest income
to be spent out of the Ron Sproull Memorial Fund.
STAFF RESOURCE PERSON: Sharon Prete
STAFF RECOMMENDATION:
ECONOMIC IMPACT:
Certain damages occurred to Round Rock Memorial Park
during IH -35 construction. The Parks and Recreation
Department proposes to make these and other repairs so
that the park is fully operational again. Attached is
the budget which outlines the expenditures.
Per the establishment of the fund, the principle is
intact and interest income will be used to finance the
proposed projects.