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<br />,., ",. <br /> <br />~ . <br /> <br />RESOLUTION NO. 87 - 69 <br /> <br />STATE OF MINNESaI'A <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGH'IDN <br /> <br />RESOLtJrION AUrHORIZING TRANSFER'ro REDUCE THE CASH IN THE SPEX:IAL <br />PIDJECI'S FUND # 651 <br /> <br />Whereas, the City maintains Special Projects Fund #651 to account <br />for projects which have been undertaken without the need to issue <br />bonds; <br /> <br />Whereas, the projects which are now accounted for in this Fund are <br />the Lake Diane restoration, Pike Lake Stonn Sewer, and the Silver <br />Lake Road Bridge widening; <br /> <br />Whereas with the exception of the Lake Diane restoration all of the <br />projects have been completed; <br /> <br />Whereas, the Lake Diane restoration has pending phase III of the improve- <br />ment with an estimated cost of $2500; <br /> <br />Whereas, through previous transactions financing has been provided <br />for these projects as follows: <br /> <br />Source <br /> <br />Arrount <br /> <br />Purpose <br /> <br />Closed Bond Fund <br />Closed Bond Fund <br />Closed Bond Fund <br />Municipal state Aid <br /> <br />$28,300 <br />11,600 <br />9,600 <br />20,600 <br /> <br />Lake Diane <br />pike Lake Stann Sewer <br />Silver Lake Road Bridge <br />Silver Lake Road Bridge <br /> <br />Whereas, the amJunt of financing is in excess of cost, resulting <br />in a cash balance; <br /> <br />Now, therefore be i t resolved: <br /> <br />1. A transfer shall be fram the Special Projects Fund #651 to the <br />Closed Bond Fund to reduce the cash balance to $2500. 'Ihe <br />cash balance of $2500 is intended to finance Phase III of <br />the Lake Diane restoration. 'Ihe estirnated arrount of the transfer <br />is $18332.95. <br /> <br />2. This action shall be effective December 31, 1986. <br /> <br />Adopted this 9th day of June, <br /> <br />1987. <br /> <br />'-V(Uj~L <br />Robert j' .. . e,. Mayor '." . <br /> <br />~~~ <br />Henry D da; City Manager <br /> <br />_ -_ A'ITESrr:_ -- <br />:"\,\....lXt..- /" <br />- - ~ \ "[~....-.{\/ <br />Margar t A. Egan <br />n Finance Director <br />