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Res 03-44 Establishing a Threshold of $5,000.00 per Item for the Capitalization of AssetsTOWN OF WESTLAKE RESOLUTION NO. 03-44 A RESOLUTION OF THE BOARD OF ALDERMEN OF THE TOWN OF WESTLAKE, TEXAS, EESTABLISHING A THRESHOLD OF $5,000.00 PER ITEM FOR THE CAPITALIZATION OF ASSETS. BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE TOWN OF WESTLAKE, TEXAS: SECTION 1: That the Board of Aldermen of the Town of Westlake does hereby establish a threshold of $5,000.40 per item for the capitalization of assets. SECTION 2: That this Resolution shall become effective upon the date of its passage. PASSED AND APPROVED ON THIS 28TH DAY OF JULY 2003. ATTEST: Scott Bradley, Mayor dindr rosswy, To 5 cretary Trent O. Petty, Town Manager APPROVED AS TO FORM: ./' 1 _-- j L.