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HomeMy WebLinkAboutResolutions - R-99-005 - 03/03/1999 - 50-50 DISBURSEMENT OF PARK DONATION FUNDS REC FACIR-99- 005 RESOLUTION WHEREAS, the City of McHenry Parks and Recreation Committee believes in the, purchase and maintenance of open space for the enjoyment of the City of McHenry residents; and WHEREAS, the City of McHenry obtains monies from land developers for the purpose of securing park lands and improvement of part: facilities in the City of McHenry; and WHEREAS, the monies collected are authorized by City Ordinance as Parks and Recreation Developer Donation Fees; and WHEREAS, the McHenry Parks and Recreation Committee and the McHenry Finance Committee support the plans for purchase, engineering, construction, equipping, and maintenance of a City of McHenry Recreational Facility; and WHEREAS, the McHenry Parks and Recreation Committee and the McHenry Finance Committee at a joint meeting held on February 10, 1999, unanimously approved the allocation of Parks and Recreation Developer Donation Revenues as follows: Fifty percent (50%) to a Recreational Facility Fund Account Fifty percent (50%) to the Parks Developer Donations Fund Account; and WHEREAS, the McHenry Parks and Recreation Committee and the McHenry Finance Committee approved the disbursement of the Parks and Recreation Developer Donation Revenues semi-annually on April 30th and October 31st each year, effective April 30, 1998. NOW, THEREFORE, BE IT RESOLVED by the Mayor and City Council of the City of McHenry, Illinois that the Mayor and City Council of the City of McHenry hereby go on record approving the recommendation of the joint Parks and Recreation Committee and Finance Committee. BE IT FURTHER RESOLVED, the Parks and Recreation Developer Donation Revenues collected through the office of the City Clerk shall hereby be disbursed as follows: Fifty percent (50%) to a Recreational Facility Fund Account Fifty percent (50%) to the Parks Developer Donations Fund Account. PASSED this 3rd day of March, 1999. AYES: BOLDER- G AR, MCCLATCHEY, MURGATRUD, BAIRD. NAYS: NONE. ABSENT: NONE. NOT VOTING: NONE. ABSTAINED: NONE_ APPROVED this 3rd day of March, 1999. ATTEST: Mayor City :Clerk