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<br />~ I <br /> <br />RESOLUTION NO. 90-~ <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />RESOLUTION CLOSING 1975 SPECIAL ASSESSMENTS BOND FUND #316 <br /> <br />WHEREAS, a separate fund was established to account for the Special <br />Assessment Bonds of 1975, <br /> <br />WHEREAS, the final bond payment for the Special Assessment Bonds of <br />1975 was made on March 30th, 1990, <br /> <br />I, <br />I <br />i WHEREAS, the need for a separate fund no longer exists because <br />payment of the final bond payment has been made, <br /> <br />WHEREAS, the practice has been to transfer any residual of such a <br />fund to the Closed Bond Fund, <br /> <br />NOW THEREFORE BE IT RESOLVED, by the New Brighton City Council, that <br />all assets, liabilities, and fund balance of the Special Assessment <br />Bonds of 1975 (Fund #316) shall be transferred to the Closed Bond <br />,: Fund (Fund #426). <br /> <br />Adopted this ~ day of ~._____ , 1990. <br /> <br />R~~ <br />~ rn.c~ <br /> <br />David Childs, <br />City Manager <br /> <br />ATTEST: <br /> <br />\~...: <br />""l\L~- <br />Marg~re .. E~an, <br />Finance Director/City Clerk <br /> <br />(SEAL) <br /> <br />,i <br />