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RESOLUTION NO. . Q 2. <br /> A RESOLUTION establishing the value of fixed assets <br /> to be capitalized. <br /> WHEREAS, it is important to have a uniform system for control and <br /> inventory of fixed assets; and <br /> WHEREAS, the present value of $100 of fixed asset to be capitalized <br /> has not been increased for a number of years; and <br /> WHEREAS, the cost of fixed assets has increased because of inflation; <br /> and <br /> WHEREAS, Ordinance No. '40.2"-84 states that the value of fixed assets <br /> to be capitalized shall be set and reviewed annually by Council ; <br /> NOW, THEREFORE, BE IT RESOLVED that the value of fixed assets to be <br /> capitalized shall be $300. <br /> Councilman Introducing Resolution <br /> Passed and Approved this ;-;? ` day of ,97/x ./ , 1984. <br /> .. t A ..1 <br /> Council Pre ident <br />