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<br />'!I <br /> <br />f'; <br /> <br />RESOLUTION NO. 88-15 <br /> <br />STATE OF MINNESarA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGH'IDN <br /> <br />RESOLUTION AUrHORIZING TRANSFERS FOR THE TAX INCREMRIT' BONDS OF 1982 <br />AND 1983 <br /> <br />WHEREAS, the City maintains separate funds to account for the tax <br />increment bonds; and <br /> <br />WHEREAS, one fund is used for debt retirement while the second fund <br />is used for receipt of tax increments and operating expenses; and <br /> <br />WHEREAS, to provide rrvnies for debt payment, on a periodic basis it is <br />necessary that a transfer be made fram the second to the first fund; <br /> <br />NCW, THEREFORE BE IT RESOLVED that the following transfers be made: <br /> <br />Transfer in <br /> <br />Transfer out <br /> <br />Tax Increment Debt Ftmd #303 <br />Tax Increrrent Debt Ftmd #304 <br />Winfield Operating Fund #463 <br />MedCenter Operating Ftmd #464 <br /> <br />$34,000 <br />$171,000 <br /> <br />$171,000 <br />$34,000 <br /> <br />'IOI'AL : <br /> <br />$205,000 <br /> <br />$205,000 <br /> <br />Adopted this <br /> <br />9th <br /> <br />day of <br /> <br />Februarv <br /> <br />, 1988. <br /> <br />~~ <br />Robert J. e, Mayor <br /> <br /> <br />t-'"h-e:"~0/ <br />City Manager <br /> <br />Henry D. S' <br />j <br /> <br />ATI'EST: <br /> <br /> <br />~ <br /> <br /> <br />Finance Director <br /> <br />(SEAL) <br /> <br />....- <br />