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I~ ,,. ~- <br />II <br /> ~~ <br />~ <br />• ` `_ <br />~ RESOLUTION NO,_ <br /> STATE OF MINNESOTA <br /> COUNTY OF RAMSEY <br /> CITY OF P1EW BRIGHTON <br /> RESOLUTION DESIGNATING USES FOR REVENUES. DERIVED FROM THE <br /> II SALE OF LONG LAKE PARK LANDS <br /> WHEREAS the City has received funds from the sale of <br /> park Iands 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 shall not be reduced without specific <br /> direction from the Council, and <br /> -The interest derived from the investment of these <br /> funds be expended in the following manner: <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 reimbursed 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 /> i <br />~ <br />Adopted this day of 1983. <br /> ATTEST: Gregory B. Harcus, Mayor. <br /> Margaret Egan James W. Fornell, City Manager <br /> {SEAL) <br /> <br />• ` 1/20/83 <br />,. , <br /> <br /> E <br />~` <br />c <br /> P <br />s <br />,_ <br />x <br />