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(6eS C ( (1Qra) a <SU <br /> RESOLUTION NO . p <br /> A RESOLUTION authorizing the transfer of <br /> $688, 800 within the Transit Fund from <br /> Retained Earnings to Reserve for Capital <br /> Purchases . <br /> WHEREAS , $1 , 902 , 224 was received during 1981 from the . 003 <br /> transit sales tax ; and <br /> WHEREAS , $1 , 213 ,424 of these receipts were used for the <br /> City of Everett ' s local match for the 1981 Section 5 <br /> Operating Assistance grant; and <br /> WHEREAS , these monies may be used for Capital Expenditures <br /> and the transit fleet needs expansion and replacement <br /> vehicles ; <br /> NOW THEREFORE BE IT RESOLVED that $688 ,800 be transferred <br /> from Retained Earnings to the Reserve for Capital Purchases . <br /> PASSED and APPROVED this -�-,?y' day of _IGC . , 1 981 . <br /> /) //7 <br /> a„,, ,,,uncilperson Introducing Resolution <br /> Cou cil P esident <br />