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<br />-' <br /> <br />c' .11_ <br />I <br />I <br />1 <br /> <br />RESOLUTION NO. 86-118 <br /> <br />ij <br />(i <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br /> <br />RESOLUTION AUTHORIZING ACCOUNTING FOR SILVER LAKE ROAD <br />BRIDGE WIDENING <br /> <br />Whereas, the City does not bond for all construction projects; <br /> <br />: ~ <br /> <br />Whereas, when bonding is not required then the project is <br />accounted for in the Special Projects Construction Fund #651; <br /> <br /> <br />Whereas, when the project is completed and assessed the <br />the revolving account is closed out and the Closed Bond Fund <br />is used to account for the receipt of the assessment payments; <br /> <br />Whereas, the Silver Lake Road Bridge Widening project is now <br />ready to be closed out to the Closed Bond Fund; <br /> <br />c! <br /> <br />Whereas, in conjunction with the project financing a receivable <br />is due from the MSA allotment; <br /> <br />, . <br />Ii <br />: \ <br /> <br />NOW, THEREFORE BE IT RESOLVED THAT: <br /> <br />r:' <br /> <br />;; <br />;: <br /> <br />1. A transfer of $9579.81 shall be made from the Closed Bond <br />Fupd to the Special Projects Construction Fund. <br /> <br />2. The assessment amount plus the balance of the project <br />costs to be paid from the MSA allotment will be set up as <br />a receivable of the Closed Bond Fund. <br /> <br />Ii Adopted this lOth day of November, 1986. <br />I <br /> <br />~~ <br /> <br />Robert J. Be e, Mayor <br /> <br /> <br />Manager <br /> <br />ATTEST: <br /> <br />~ : <br /> <br /> <br />et A. Egan <br />Director/City Clerk <br /> <br />(SEAL) <br />