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Resolution 322
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Resolution 322
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7/8/2008 7:45:49 AM
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6/24/2008 12:12:06 PM
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<br /> . ~ <br />" <br /> On projects costing up to $2~,OOO., a.dnliit1strativecost <br /> shall be .3% of suell proj tic", cost. but in J.l.0 case less than <br /> $'0. <br /> On projects cost.in, from $25,000 to $75,000., administrative <br /> costs shall be 2 1 2% of total projects costs. <br /> en projects costing from $7',000 to $250,000., administrative <br /> costs shall be 2% of total projects costs. <br /> On projects costin, frOJll $250,000 to $500,000., a.d.miuistrative <br /> costs shall be 1 1 2% of total projects cost. <br /> On projects costing in excess of $500QOOO the Village Council <br /> shall determine an amO'l1.lat for admim.istrative cest at the <br /> time the project is ordered. <br />BE IT FURTHUR RESOLVED tJlat the Clerk-Treasurer shall transf.r from the <br /> Capital Outlay Fudto the General F'Ullld. each year on ~.eemb.r <br /> 31t.he percentage applica.ble for each project tulder the preceding <br /> formula. for projec-G costs incured that year. <br />Adopted this l.p day of December, 1966. <br /> /2~tJ~ <br /> Mayer <br /> J; <br /> ,~c i) <br />ATTEST: <br />iL '-"'4i1t-: /Z;,~ <br />Clerk <br />SEAL <br />
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