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RESOLUTION NO.L'0.Q <br /> A Resolution authorizing the transfer of <br /> $998 , 952 within the Transit Fund from <br /> Retained Earnings to Reserve for Capital <br /> Purchases and rescinding Resolution No. 2029 . <br /> WHEREAS , $2 ,128 ,625 was received during 1981 from <br /> the . 03 transit sales tax; and <br /> WHEREAS, $1, 129 ,673 of these receipts were used <br /> for the City of Everett' s local match for the 1981 <br /> Section 5 Operating Assistance grant; and <br /> WHEREAS, these monies may be used for Capital Expen- <br /> ditures and the transit fleet needs expansion and <br /> replacement vehicles; <br /> NOW, THEREFORE, BE IT RESOLVED THAT $998 , 952 be <br /> transferred from Retained Earnings to the Reserve <br /> for Capital Purchases and that Resolution No. <br /> 2029 is hereby rescinded. <br /> r/ <br /> :///t(421 <br /> LIT <br /> Cou ilman Introducin 4--- <br /> / tion <br /> Passed and approved this 27th day of January, 1982 <br /> 'resident <br />