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<br />'.' I! <br /> <br />" <br /> <br />RESOLUTION NO. <br /> <br />86-16 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />,; RESOLUTION CLOSING 1969 BOND FUND #511 <br /> <br />WHEREAS, a separate fund was established to account for the <br />Special Assessment Bonds of 1969; and <br /> <br />WHEREAS, the final bond payment for the Bonds of 1969 was <br />made on March 1, 1986; and <br /> <br />WHEREAS, the need for a separate fund no longer exists <br />because the final bond payment has been made; and <br /> <br />WHEREAS, the practice has been to transfer any residual of <br />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 />of the Special Assessment Bonds of 1969 <br />(Fund #511) shall be transferred to the <br />Closed Bond Fund (Fund #549). <br /> <br />2. The transfer shall be effective March 1, 1986. <br /> <br />Adopted this <br /> <br />, 1986. <br /> <br />day of <br /> <br />11th <br /> <br />March <br /> <br />r~~ <br /> <br /> <br />ATTEST: <br /> <br />~~Egan <br /> <br />Finance Director <br /> <br />,'> . (SE.;:iJ <br /> <br />'to ,.. ~- <br /> <br />....... ~ <br /> <br />o' <br />r' <br />., . <br />