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• <br />• <br />0 <br />APPROPRIATION <br />Meadowereek Golf Course Improvements <br />$210,000 <br />WHEREAS, the Meadowcreek Golf Course is currently in need of improvements <br />and proposes to borrow $210,000 from existing City funds to be used for the purchase of <br />new electric golf carts ($130,000 from the Equipment Replacement Fund) and the <br />repaving of golf cart paths ($80,000 from the General Fund Unappropriated Fund <br />Balance); and <br />WHEREAS, the loan would be paid back to the Equipment Replacement Fund <br />and General Fund over a 4 -year period at borrowing rate of 4% from revenues generated <br />from golf course activities. <br />NOW, THEREFORE, BE IT RESOLVED by the Council of the City of <br />Charlottesville, Virginia, that $130,000 is hereby appropriated from the Equipment <br />Replacement Fund to the Golf Fund, account 9-192-72072-55104, and $80,000 from the <br />General Fund to the Golf Fund, account 9-192-72072-55107, for a total of $210,000. <br />Approved by Council <br />February 22, 2005 <br />bl'U� C* <br />of City Council <br />