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<br />.! <br /> <br />.. <br /> <br />~ <br /> <br />i <br /> <br />RESOLUTION NO. 92-~ <br /> <br />~ ; <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />RESOLUTION ESTABLISHING FUND #452 (NON-DISTRICT PROPERTIES) AND <br />AUTHORIZING TRANSFER OF MONIES TO FINANCE MILLER AND NIXON PROPERTIES <br /> <br />WHEREAS, expenses of the Miller and Nixon properties have been <br />accounted for in Funds 462 and 450 respectively; and <br /> <br />WHEREAS, these properties are not actually within the tax increment <br />districts that these funds represent; and <br /> <br />,; <br /> <br />WHEREAS, these and other properties such as these should be accounted <br />for in a separate fund; and <br /> <br />WHEREAS, Fund #465 (Tax Increment #5) shall be used as permanent <br />financing for these and any other similar properties; and <br /> <br />WHEREAS, transfers need to be made to account for costs of these <br />properties which have occurred in prior years and for those which <br />will occur in the future, <br /> <br /> <br />NOW THEREFORE BE IT RESOLVED, by the New Brighton City Council that: <br /> <br />1) Fund #452 shall be used to account for non-district <br />properties. <br /> <br />2) $72,600 shall be transferred from Fund #462 to Fund #464 and <br />$94,800 transferred From Fund #462 to Fund #465 to eliminate a <br />prior year transfer. <br /> <br />3) $2,600 shall be transferred from Fund #462 to Fund #450 and <br />$43,600 from Fund #462 to Fund #452 to pay for prior years <br />expenditures. <br /> <br />Adopted this ~thday of <br /> <br />July <br /> <br />, 1992. <br /> <br />if <br /> <br /> <br />!: <br /> <br />ATTEST: <br /> <br />rn, (Jw,~ <br /> <br />i: <br /> <br />(j <br /> <br />h,VI'l, o.-'f\J <br /> <br />Margaret E~, <br />Finance Director/City Clerk <br /> <br />David Childs, <br />City Manager <br /> <br />(SEAL) <br />