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0 <br />11 <br />There is hereby appropriated from the Equipment <br />Replacement Fund other sums received by such fund as payment from <br />other City funds, for the lease, financing or purchase of motor <br />vehicles and related equipment and for accumulation of a reserve <br />for future equipment purchases during the fiscal year beginning <br />July 1, 1989 and ending June 30, 1990. Such appropriation shall <br />be effective July 1, 1989; provided that such appropriations shall <br />not be deemed to expire at the end of such fiscal year, but shall <br />continue in effect unless altered by further action of City <br />Council. Of the sums received by the Equipment Replacement Fund, <br />a sum sufficient to service the debt on any pieces of general <br />governmental equipment obtained under a master lease, credit line, <br />or an installment purchase agreement shall be transferred to the <br />Debt Service Fund. <br />VII. FACILITIES REPAIR FUND APPROPRIATION <br />BE IT RESOLVED by the Council of the City of Charlottes - <br />ville: <br />The sum of $375,915 transferred to the Facilities Repair <br />Fund under Part II of this resolution, and such other sums as may <br />be transferred to this fund from other funds during the fiscal year <br />beginning July 1, 1989 are appropriated for carrying out the <br />purposes of this fund during that fiscal year. However, such <br />appropriation shall not be deemed to expire at the end of the <br />fiscal year, but shall continue in effect unless altered by further <br />action of this Council. <br />VIII. DEBT SERVICE FUND APPROPRIATION <br />BE IT RESOLVED by the Council of the City of <br />Charlottesville: <br />A. The Debt Service Fund shall serve as a permanent <br />reserve for the payment of principal and interest of bonds, notes <br />and other evidences of indebtedness and the cost of issuance <br />thereof issued by the City pursuant to its charter and/or the <br />Virginia Public Finance Act. <br />B. The sum of $2,500,000 transferred to such fund by <br />Part II of this resolution, or as much thereof as may be necessary, <br />is hereby appropriated to pay such debt service expenses during the <br />fiscal year beginning July 1, 1989 and ending June 30, 1990. <br />C. Appropriations in the Debt Service Fund shall be <br />deemed continuing appropriations, and balances remaining in such <br />fund at the end of each fiscal year shall be carried forward to pay <br />principal and interest due on City obligations and costs associated <br />with the issuance of those obligations in future years. However, <br />this reserve fund has been voluntarily created by City Council and <br />