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<br />". - ~ ~.... <br /> <br />RESOLUTION NO. 87-27 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />RESOLUTION AUTHORIZING FINANCING FOR TAX INCREMENT PROJECT ill <br /> <br />Whereas, the City has authorized the creation of Tax Increment <br />District #11; <br /> <br />Whereas, the completion of this project required the City <br />to provide $50,000 in a land right-down; <br /> <br />Whereas, payment of the $50,000 has been made in accordance <br />with the agreement with the developer; <br /> <br />Whereas, to finance the payment funds must be appropriated; <br /> <br />Whereas, the preferred source of finance is the bond proceeds <br />for Tax Increment District #1; <br /> <br />Now, therefore be it resolved that: <br /> <br />1. A transfer of $50,000 shall be made from Tax Increment <br />District #1 to Tax Increment District #11. <br /> <br />2. The transfer shall be made as of December 31, 1986. <br /> <br />Adopted this 10th day of March, 1987. <br /> <br />ATTEST: <br /> <br /> <br /> <br />. _.--' <br />