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<br /> , II <br />v II <br />I <br />.. I <br />\11 ! <br />\~ ., t <br /> I <br /> ! <br /> ~ <br /> I <br /> <br />..~ <br /> <br />RESO!,.UTION NO. D3--1 ;.::' <br /> <br />STATE OF MINNFSarA <br />COUNI'Y OF RAMSEY <br />CITY OF NEW,BRIGHroN <br /> <br />II RESOLUTION r-mIFYING FINAOCE PLAN FOR REMJDELING OF CITY HALL <br /> <br />I Whereas, the original finance plan for the rem:Xieling of City Hall needs <br />, to be modified; . <br />I <br /> <br />! Whereas, the mJdificationhas to be lTlCtde as the liquor revenues will not <br />I be equal to the debt payment and added, construction co~ts; <br />i ~ <br />II Whereas, the preferred nvdification would supplement the original finanCe <br />!! plan with ItDney from the CloseQ Bond Fund;, <br /> <br />II Whereas, the terms of the supplerrEnt would provide that whenever revenue <br />" from the Liquor Stores is not. equal to the debt payn-ent and armual insta11merrt <br />I for the construction costs then a transfer will be made fraIl the Closed Bond <br />FUnd; <br /> <br />'I Further, the arrount transferred from the Closed Bond Fund will be repaid <br />at such time as revenue fram the Liquor Stores is adequate for such a repay- <br />j ment. <br />I <br />I Now, therefore be it resolved that the above rrodifiec finance plan shall <br />I take effect for the 1988 installm::mt and as needed thereafter; and, the <br />transfer fran the Closed Bond Fund shall be intended for the debt payment por- <br />tion of the finance plan. <br /> <br />Adopted this ? 7 t to <br /> <br />day of :':p~;'~ p rib ~",.,.- 1 .., :HI <br /> <br />II <br />') <br /> <br />:@:if~ <br /><lk~~ ~~ <br /> <br />Henry 0,;7' da, City Manager <br />V <br /> <br /> <br />i <br />d <br />Ii <br />p <br />I' <br />, I <br />I! <br />!, <br />I <br />! <br />