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RESOLUTION NO. 5� l <br /> A RESOLUTION establishing the value of fixed assets <br /> to be capitalized. <br /> WHEREAS, it is important to have a uniform system for <br /> control and inventory of fixed assets; and <br /> WHEREAS, the present value of fixed assets to be capita- <br /> lized shall be $300; and <br /> WHEREAS, the cost of valuable fixed assets have increased <br /> greater than the quality of the items ; and <br /> WHEREAS, Ordiance No. 1024-84 states that the value of <br /> fixed assets to be capitalized shall be set and reviewed <br /> annually by Council; <br /> NOW, THEREFORE, BE IT RESOLVED that the value of fixed <br /> assets to be capitalized shall be $500 . <br /> Councilman Introducing Resolution <br /> Passed and Approved this . / day of „I, ,,,/ 1985 . <br /> 00 ci * esisent <br />