RES 1987-65 - 00004702IRESOLUTION NO. 65 - 1987
A RESOLUTION APPROVING ADJUSTMENTS OF THE 1987 BUDGET OF
THE NORTH METRO CONVENTION AND TOURISM BUREAU
WHEREAS, the City of Fridley has entered into an agreement with the North
Metro Convention and Tourism Bureau; and
WHEREAS, the agreement provides that "the budget may be modified without prior
consent of the City Council, providing that any adjustments shall not be
greater than ten percent of the amount indicated for that item as it appears
in the budget;" and
WHEREAS, actual experience of revenues and expenditures during the first six
months of 1987 indicate a need for adjustments in the budget; and
WHEREAS, the adjustment of certain items is greater than ten percent of the
amount indicated for those items as they appear in the budget; and
WHEREAS, the Executive Committee of the North Metro Convention and Tourism
Bureau at its meeting of July 22, 1987, approved the attached adjusted budget;
and
' WHEREAS, the adjusted budget reflects appropriate and needed changes in the
various categories while maintaining the requirement that the Bureau not
expend any sums beyond its revenues.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Fridley,
Minnesota, that requisite prior consent be given to the proposed adjusted
budget of the North Metro Convention and Tourism Bureau.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 24TH DAY OF
AUGUST, 1987
WILLIAM J. NEE - YOR
ATTEST:
SHIRLEY A. 9AAPALA - CI 'Y CLERK