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<br />i <br /> <br />J <br /> <br />-, <br /> <br />RESOLUTION NO. 99-021 <br /> <br />-11'~ <br /> <br />City of New Brighton <br />Ramsey County <br />State of Minnesota <br /> <br />Resolution Authorizing Final Financing for the Streetscape Project #49504 <br /> <br />Whereas, the City has received final payments from the County and MSA for their share for <br />the Streetscape Project; <br /> <br />Whereas, the Streetscape project provided the street lights, sidewalk, and roadway on the <br />section of Old Highway 8 in front of City Hall; <br /> <br />Whereas the project cost $1.826 million dollars; <br /> <br />Whereas, a combination of assessments, TIF, MSA, and County aids have paid all costs except <br />for $64,600; <br /> <br />Whereas, the Closed Bond Fund usually handles project residuals; <br /> <br />Now, therefore be it resolved that: <br /> <br />1. The Closed Bond Fund shall provide permanent financing for the assessments and cash <br />deficit of this project. <br /> <br />2. A transfer of $64,600 shall be made to the Construction Fund from the Closed Bond Fund. <br /> <br />3. This action shall be effective December 31,1998. <br /> <br />Adopted this 23rd day of March, 1999. <br /> <br />R~ <br /> <br />S1uraul ~~ <br /> <br />Matthew S. Fulton, City Manager <br /> <br />ATTEST: <br /> <br />M~ <br /> <br />Finance Director/City Clerk <br /> <br />T/Shared/CounciI/ResollStreetscape <br />