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<br />---:-! <br />/ <br /> <br />'l <br /> <br />~ <br /> <br />" <br /> <br />RESOLUTION NO. Qfi-069 <br /> <br />State of Minnesota <br />County of Ramsey <br />City of New Brighton <br /> <br />RESOLUTION AUTHORIZING THE CLOSING OF CAPTIAL PROJECTS FUND #432 <br /> <br />Whereas, a separate fund was established to account for the costs of 1993 & 1994 construction <br />projects that will be financed by a future bond issue; and <br /> <br />Whereas, final payment has been made on the last construction project accounted for in this fund; <br />and <br /> <br />Whereas, the need for a separate fund no longer exists because the construction projects have <br />been completed and assessed; <br /> <br />Whereas, the practice has been to transfer any residuals to the related debt service fund; <br /> <br />Now, therefore be it resolved that: <br /> <br />1. All assets, liabilities, and fund balance of the 1993 & 1994 Construction Projects Fund #432 <br />shall be transferred to the 1994 Special Assessment Bonds Fund #359 <br /> <br />2. This closing shall be effective August 31, 1996. <br /> <br />Adopted this 24th day of September, 1996. <br /> <br />~J <br />Robert J. B e, Mayor <br /> <br />~!u(!i:y MMagcr <br /> <br />ATTEST: <br /> <br /> <br />Margaret A gan <br />Finance Director/ <br />City Clerk <br />I/Shared/Misc.Fin/Res432 <br />