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<br />, : <br />Ii <br />II~' <br /> <br />RESOLUTION NO. 86-42 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />,RESOLUTION CLOSING 1970 BOND FUND #512 <br /> <br />. <br />i <br />I <br />I <br />Whereas, a separate fund was established to account for I <br />the Special Assessment Bonds of 1970; and <br /> <br />i Whereas, the final bond payment for the Bonds of 1970 wad <br />imade on March I, 1986; and 1 <br />! I <br />i: Whereas, the need for a separate fund no longer exists I <br />!because the final bond payment has been made; and <br /> <br />I <br /> <br />I <br /> <br />Whereas, the practice has been to transfer any residual <br />of such a fund to the Closed Bond Fund; <br /> <br />Now, therefore be it resolved that: <br /> <br />1. All assets, liabilities and fund balance of <br />the Special Assessment Bonds of 1970 (Fund #512) <br />shall be transferred to the Closed Bond Fund <br />(Fund #549). <br /> <br />2. The transfer shall be effective May I, 1986. <br /> <br />;; <br />IIAdopted this 13th day of May, 1986. <br /> <br />~~r <br /> <br /> <br />