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<br />~t <br /> <br />li........... <br /> <br />-' ; I <br />,.-! <br /> <br />t <br /> <br />" <br /> <br />.. <br /> <br />RESOLUTION NO. Jl.=. 0 29 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />RESOLUTION AUTHORIZING A TRANSFER AND PERMANENT FINANCING FOR THE LONG LAKE <br />AREA STREET PROJECT #89-07 <br /> <br />Whereas, the finance strategy for Project #89-07 relied on the Closed Bond <br />Fund to advance the money for construction; <br /> <br />Whereas, this advance is to be repald through a combination of special <br />assessments and general taxes; <br /> <br />Whereas, an upcoming bond issue may make it feasible to incorpoate the gener,:t <br />tax share; <br /> <br />NO\iI, therefore be it resolved that: <br /> <br />1. A transfer of $417,848.03 from the Closed Bond Fund #426 to the <br />Construction Fund #427 shall be made. <br /> <br />2. The special assessments receipts shall be placed in the Closed Bond Fund. <br /> <br />3. A tax levy, or an equivalent technique, shall be used to repay the genera <br />tax portion. The repayment shall be as shown in Attachment A. <br /> <br />4. If more advantageous, the debt schedule for the upcoming bond issue may b <br />substituted for #3 above. <br /> <br /> <br />5. This Resolution shall be effective December 31, 1990. <br /> <br />Adopted this 26th day of March, 1991. <br /> <br />.,-;{/.J// ." (d' .... .:./" L' <br />if." ...... ..... ..' ,., <br />"<../.l ./ :; . <br />. .;:,.c(, ..,l~/L-, " .<---. <br />R;b-ert-J-:-- Berlke, -M;yor:-- <br /> <br />~Jb~~c'l__ <br /> <br />David M. Childs, City Manager <br /> <br />ATTEST: <br /> <br />1.1 <br />it <br /> <br /> <br />, <br />. ; ~ <br />I <br /> <br />Hargaret Egan <br />Finance Director/ <br />City Clerk <br />