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<br />.. <br /> <br />.. <br />r <br /> <br />RESOLUTION NO 93 - 0 4 8 <br /> <br />STATE or IIIHtfESOTA <br />COUNTY OF RAIISEY <br />CITY OF MEV BRIGHTON <br /> <br />RESOLUTION AUTHORIZING mE PAYIIENT OF mE INTEREST EXPENSE <br /> <br />Vhereas, the City is involved in phase 2 of the water system <br />reconstruction; <br /> <br />Vhereas, the majority of these costs are reimbursed by the Army; <br /> <br />Vhereas, the consultants who work on the water system restoration are paid <br />on the same schedule as all other vendors. <br /> <br />Vhereas, the Army reimbursement frequently is not received by the City <br />until 60 days later; <br /> <br />Vhereas, an interest expense is assessed to the Fund for this period; <br /> <br />Vhereas, th~ interest expense is set in accordance with City poliCY; <br /> <br />Now, therefore be it resolved that: <br /> <br />1. A transfer of $32,515.45 shall be made from the Environmental <br />Restoration Fund to the Vater Quality Fund to pay the 1992 interest expense. <br /> <br />2. The transfer shall be effective December 31, 1992. <br /> <br />Adopted this 13 t h <br /> <br />day 0 f A p r i 1. 1 9 9 3 <br /> <br />,,/-;/ /,- ,/"' L'" <br />l_......~;(.-/ , ..J ..... ./~ <br />, z:/ ,'" ..".' ,~., <br />7!;Y;(t~:1/(-<-,- <br /> <br />;;,./ <br /> <br /> <br /> <br />~m\~ <br /> <br />^ ArrEST: <br /> <br />'~an <br /> <br />Finance Director/ <br />City Clerk <br />