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<br />~ <br /> <br />J <br /> <br />RESOLUTION NO. 90-~ <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />RESOLUTION CLOSING 1985/86 CONSTRUCTION PROJECTS FUND #423 AND AUTHORIZING <br />APPROPRIATION OF MSA <br /> <br />WHEREAS, a separate fund was established to account for the <br />construction costs of 1985/86 projects; and, <br /> <br />:, <br /> <br />WHEREAS, the final payments for the projects included in this fund <br />have been made; and, <br /> <br />WHEREAS, the need for a separate fund no longer exists because <br />payment of the final project costs have been made; and, <br /> <br />" <br /> <br />WHEREAS, the practice has been to transfer any residual of such a <br />fund to the related bond fund; and, <br /> <br />WHEREAS, the 1986 Special Assessment Bond Fund does not require the <br />related MSA funds to avoid a tax levy related to these projects until <br />at least the year 1999, <br /> <br />NOW THEREFORE BE IT RESOLVED, by the New Brighton City Council, that <br />all assets, liabilities, and fund balance of the 1985/86 Construction <br />Projects Fund #423 shall be transferred to the 1986 Special <br />Assessment Fund #323; and, <br /> <br />i ~ <br /> <br />ALSO BE IT RESOLVED, that any MSA monies received in 1990 and future <br />years which are related to these projects shall be deposited into the <br />Closed Bond Fund #426. <br /> <br />" Adopted this 23 r d day of <br /> <br />Octoberr, 1990. <br /> <br /> <br />~ <br /> <br />~a,w-A fY\ I Ch~t~,{y <br /> <br />David Childs, <br />City Manager <br /> <br />.. <br />, <br />, <br /> <br />r: ATTEST: <br /> <br />," <br /> <br />'~ <br /> <br />Finance Director/City Clerk <br /> <br />(SEAL) <br />