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Resolution 1533
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Resolution 1533
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<br />. I RESOLUTION NO. 1533 f ~ ' J. <br /> _ ~ il!'i- <br /> STATE OF MINNESOTA <br /> COUNTY OF RAMSEY <br /> CITY. OF NEW BRIGHTON <br /> RESOLUTION ORDERING TRANSFER OF $49,354.98 FROM UNAPPROPRIATED <br /> RESERVES WITHIN THE 1967 AND 1969 PARK BOND ACCOUNT OF THE DEBT <br /> REDEMPTION FUND TO THE PARK ACQUISITION AND CONSTRUCTION ACCOUNT <br /> WITHIN THE CAPITAL OUTLAY FUND <br /> WHEREAS the New Brighton City Council in 1969 levied <br /> only $68,250.00 of a $130,13l~25 Debt Levy for Park Bond debt <br /> Service and appropriated the remaining $61,881.00 from Park <br /> Acquisition and Construction funds based on estimates that park <br /> construction costs would be less than bond sale proceeds by that <br /> amount and with the assumption that additional funds could be <br /> levied in future years should costs exceed such estimates, and <br /> WHEREAS additional costs occurred due to change orders <br /> and additional unit costs, which costs have now been determined <br /> to be $49,354.98 which reduced the estimated surplus of $61,881.00 <br /> by that amount, and <br /> WHEREAS the 1967 and 1969 Park Bond Account has now <br /> accumulated $50,358.02 in unappropriated reserves which could be <br /> transferred to fund the Park Acquisition and Construction Account <br /> NOW THEREFORE BE IT RESOLVED by the Council of the City <br /> of New Brighton that $49,354.98 be transferred from unappropriated <br /> reserves within the 1967 and 1969 Park Bond Account of the Debt <br /> Redemption Fund to the Park Acquisition and Construction Account <br /> within the Capital Outlay Fund. <br /> Adopted this 25th day of March 1975. <br /> ATTEST: <br /> I <br /> f3ayl <br /> d!iM1;lQ ~j:u)(~cL <br /> Vi",;:';;;::';(J --0 J7~ Thomas F. Lewcoc , Manager <br /> Vernon C. Pederson, Clerk-Treasurer <br /> (SEAL) <br />
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