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ST ??a CITY OF NORTH OLMSTED RESOLUTION NO. 2003 - 66 By: Council Members Miller, Kasler, Gareau, McKay, Nashar and Dailey A RESOLUTION EXPRESSING THIS COUNCIL'S COMMITMEIVT TO APPROPRIATE AND TRANSFER FISCAL YEAR 2003 CARRYOVER FUNDS IN FISCAL YEAR 2004 TO THE CITP'S FOUR (4) SPECIAL FUNDS FROM WHICH FUNDS WERE LEGISLATIVELY REDIRECTED IN FISCAL YEAR 2003, IF IT IS FISCALL Y RESPONSIBLE IN FISCAL YEAR 2004 TO DO SO. WHEREAS, this Council, on March 4, 2003, upon the recommendation of the Mayor and the Director of Finance, adopted Ordinance Nos. 2003-28, 2003-19, 2003-20 and 2003-21, which redirected to the general fund, for the year 2003 only, certain revenues which otherwise would have been credited in the year 2003 to the Emergency Metiical Services Fund, the Stop Program Fund, the Casualty Loss Fund, and the HoteUMotel Tax Fund; and WHEREAS, while adopting these Ordinances enabled the Administration to balance the City's budget for the fiscal year 2003, without increasing taxes or administratively laying off additional City empioyees, it also has resulted in a decrease in the amount which the City will be able to pay in the year 2003 on the principal of certain City debt and further has resulted in a reduetion in the amount of funds that will be available in the four subject special funds for future City capital expenditures and improvements; and WHEREAS, it the desire of this Council to express its commitment to adopt a permanent appropriations measure in fiscal year 2004 that will appropriate and transfer fiscai year 2003 carryover funds, if it is fiscally responsible to do so, to the said four special funds in the amounts redirected to the general fund by the aforesaid Ordinances adopted by this Council, in order to make every reasonable effort to restore to these special funds monies that will be needed for future capital improvement projects and to accelerate principal debt reduction in a fiscally responsible manner; and WHEREAS, the Director of Law has advised this Council that it may not legally provide for this Resolution to be binding on this or any future City Council, and, accordingly, this Council expressly states that it is its intent to adopt herein a non-binding Resolution only in this matter; NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF NORTH OLMSTED, COUNTY OF CUY.AHOGA AND STATE OF OHIO: