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Councilmember Peterson introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #92-07-167 <br /> <br />RESOLUTION AUTHORIZING TRANSFER OUT OF 1992 AUCTION <br />PROCEEDS TO THE CITY'S EQUIPMENT REPLACEMENT FUND <br /> <br /> WHEREAS, on June 5, 1992 the City received payment for net proceeds in the amount <br />of Two Thousand Six Hundred Seventy-Eight and 35/100 Dollars ($2,678.35) from Harvey <br />Hazeman's Auction Service; and <br /> <br />WHEREAS, the following City of Ramsey property was sold: <br /> <br /> [Year Purchase [ [ Fixed I Auction[ <br />Description Purchased Price Qty. Asset # Proceeds <br /> <br />Brush Chipper <br />1984 Ford Crown Victoria <br /> <br /> 1984 4,4451 507 1,600.00 <br /> 1984 10,251 1 V#704 775.00 <br />Total City Equipment/Vehicle [ 2,375.00[ <br /> <br />Outboard Motors N/A N/A 2 N/A 200.00 <br />Bikes N/A N/A 13 N/A 133.00 <br />Tents N/A N/A 3 N/A 104.00 <br />Trolling Motor N/A N/A 1 N/A 55.00 <br />Chain Saw N/A N/A 1 N/A 55.00 <br />Boom Box N/A N/A 1 N/A 35.00 <br />B & D Saw N/A N/A 1 N/A 22.50 <br />Helmet N/A N/A 1 N/A 21.00 <br />Lawn Mower N/A N/A 1 N/A 20.00 <br />Miscellaneous N/A N/A 13 N/A 56.00 <br /> [ Total from Police Department [ 701.50 l <br /> <br /> [ Auction Total [ 3,076.50[ <br /> 10% Charge for Auctioneer & Clerk 307.65 <br /> Advertising 80.50 <br /> Set Up of Auction Explorers 10.00 (398.15) <br /> <br />Proceeds to the City of <br />Ramsey <br /> <br />2,678.35 <br /> <br /> WHEREAS, at the Budget Committee meeting of June 23, 1992, Staff recommended the <br />auction proceeds be transferred out from the City's General Fund to the Equipment Replacement <br />Fund; and <br /> <br /> WHEREAS, the Budget Committee is in agreement with this recommendation and <br />recommends the Ramsey City Council authorize this transfer of funds. <br /> <br /> <br />