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RESOLUTION NO. _____ <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />RESOLUTION AUTHORIZING TRANSFER FROM THE COMMUNITY REINVESTMENT FUND TO THE <br />MUNICIPAL GOLF COURSE <br /> <br />WHEREAS, the Community Reinvestment Fund is committed to providing transfers to <br />those funds experience temporary cash flow deficits, and <br /> <br /> WHEREAS, as of December 31, 2017, the Brightwood Hills Golf Course had a cash deficit <br />of $92,683, and <br /> <br /> WHEREAS, an appropriation in the amount of $71,100 was approved in the 2017 budget, <br />and <br /> <br /> NOW THEREFORE, BE IT RESOLVED the Finance Director is authorized and directed to <br />transfer an additional $21,583 from the Community Reinvestment Fund to the Brightwood Hills <br />Municipal Golf Course. <br /> <br /> <br /> <br />ADOPTED this 27th day of February, 2018 by the New Brighton City Council with a vote of _____ <br />ayes and _____ nays. <br /> <br /> <br /> <br /> Valerie Johnson, Mayor <br /> <br /> <br /> <br /> <br />ATTEST: <br /> <br /> <br /> <br /> Dean R. Lotter, City Manager <br /> <br />Terri Spangrud, City Clerk <br />