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1; '''•!l~ ~ ~ ~. <br />RESOLUTION NO. <br />,} <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />~' CITY OF NEW BRIGHTON <br />RESOi,UTION DESIGNATING USES. FOR REVENUES DERIVED FROM THE ' <br />s <br />SALE OF LONG LAKE PPRK LAND5 <br />WHEREAS the City has received funds ;-from the sale of <br />park Lands to Ramsey County, and <br />WHEREAS the City desires to use these funds in a <br />' manner consistent with the purpose of the 1967 bond issue, <br />and <br />{ NOW THEREFORE BE IT RESOLVED that these funds shall <br />remain in an interest earning account, and <br />-The principal shah not be reduced without specific <br />direction from the Council, and <br />-The interest derived from the investment o~ these <br />funds be expended in the-following manners { <br />The Park Improvement: fund shall be reimbursed <br />for Long Lake Park related attorney fees <br />charged to that account in 1982 <br />`` The general fund shall be reimk~ursed from this <br />fund for expenses incurred in the operation <br />and maintenance of Long Lake Regional Park <br />Interest from this fund not expended in the <br />previously described manner shall accrue to <br />this fund for use in the parks capital im- <br />provements program as a first priority and <br />•- Park and Recreation Department operating <br />±~ expenses as a second priority. <br />Adopted this day of , 1983. <br />ATTEST• Gregory B. Harcus, D~ayor <br />1 <br />Margaret Egan James W. Fornell, City Manager <br />.A <br />