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<br /> '. ~~~-- j <br /> . . <br /> RESOLUTION NO. 1345 <br /> STATE OF MINNESOTA <br /> COUNTY OF RAMSEY <br /> CITY OF NEW BRIGHTON <br /> RESOLUTION TRANSFERRING SEWER CONNECWION ACCOUNT RESERVE FUNDS TO <br /> CAPITAL OUTLAY FUND TO FUND CONSTRUCTION COSTS OF CITY IMPROVEMENT <br /> NOS. 74-3 AND 74-6 <br /> WHEREAS the City Council of the City of New Brighton has <br /> ordered City Improvement Nos. 74-3 and 74-6 at an estimated cost <br /> of $51,000, and <br /> WHEREAS before the City Council approves a contract for such <br /> construction, funds must be provided to fund such construction, and <br /> WHEREAS temporary bonding to fund such construction would be <br /> overly costly because of the small bond that would be involved, and, <br /> WHEREAS reserve funds are available for transfer within the <br /> Sewer Connection Account of the Sewer Fund to fund such constructicn <br /> NOW THEREFORE BE IT RESOLVED, That '$51,000 be temporarily <br /> transferred from the Sewer Connection Account of the Sewer Fund to <br /> the Capital Outlay Fund to fund such construction <br /> BE IT FURTHER RESOLVED, That when permanent funding is <br /> provided for such improvements that the Sewer Connection Account <br /> be reimbursed in full at an interest rate of 6% <br /> BE IT FURTHER RESOLVED, That the City Manager and Clerk- <br /> Treasurer be and are hereby authorized and directed to implement <br /> the conditions of this resolution. <br /> Adopted this 23rd day of April, 1974. <br /> ATTEST: <br /> - <br /> ~-e.J~ <br /> Vernon C. Pederson, Clerk-Treasurer <br /> (SEAL) <br />