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14-007CITY OF SHOREWOOD RESOLUTION NO. 14 -007 ADOPTING THE 2014 -2023 CAPITAL IMPROVEMENT PROGRAM, CAPITAL PROJECT FUND BUDGETS, AND 2014 ENTERPRISE BUDGETS WHEREAS, City staff have presented the preliminary Capital Improvement Program (CIP) and 2014 budgets at work sessions since September, 2013; and WHEREAS, the City Council has reviewed the CIP and budgets and made modifications to each that reflect desired community service levels; and WHEREAS, these budgets represent a reasonable estimate of what needs to be spent to provide the desired service level; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SHOREWOOD AS FOLLOWS: I. The 2014 -2023 Capital Improvement Program is hereby adopted as presented. 2. The Parks Capital, Equipment Replacement, Street Reconstruction, MSA, Trail Construction, and Community Infrastructure budgets are hereby adopted as presented. 3. The Water, Sewer, Recycling, and Storm Water budgets are hereby adopted as presented. 4. The net proceeds of $283,414 from the sale of the city property located at 5795 Country Club Road will be transferred from the General Fund to the Park Capital Improvement Fund. ADOPTED BY THE CITY COUNCIL OF THE CITY OF SHOREWOOD this 3rd day of February, 2014. ATTEST: Je Panchyshyn, Cio Cle k Scott 'r y', May r