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<br />~'....'~~ <br /> <br />-.......... <br /> <br />" <br /> <br /> <br />II <br /> <br /> <br />I, <br />i! <br />P <br />!f <br />d <br />~. ~ <br />h <br />Ii <br />11 <br />ii <br />H <br />:1 <br />H <br />ii <br />! <br />,I <br />I ~ <br />!i A RESOLUTION PROVIDING TEHPORARY FIlfA:&ciNG FOR DEEP ~tVELL CONST- <br />" <br />I, RUCTION, REC!NDING THE CITY COUNCIL ACTION OF AUGUST 11, 1981. <br />Ii <br />11 <br />u <br />., <br /> <br />II <br />!l <br />II <br />II <br />" <br />Ii <br />II <br />II <br />il <br />f <br />,I <br />,.j <br />!I <br />t! <br /> <br />oJ! <br />-...... ._'^~..,:~..... <br /> <br />.' <br /> <br />RESOLUTION NO. <br /> <br />2539 <br /> <br />STATE OF MINNESOTA <br />C0UNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />WHEREAS, the City has authorized construction of two deep <br />wells in an effort to provide contaminant-free water; <br /> <br />WHEREAS, the Water Utility fund is unable to finance the <br />cost of said construction; <br /> <br />WHEREAS, the city Council desires to finance the cost of <br />water system modifications using General Obligation bonds as a <br />long-term financing solution; <br /> <br />WHEREAS, temporary financing needs to be provided; <br /> <br />NOW THEREFORE BE IT RESOLVEDt that the following appropriati n <br />is approved for deep well construction and testing services: <br /> <br />FUND <br /> <br />AMOUNT <br /> <br />11481 Capital Improvements Fund $325,000 <br />'I <br />; <br />;i <br />i: BE IT FURTHER :RESOLVED that this appropriation is through <br />I~ 1982 and is temporary pending reimbursement by short or long-term <br />Ii G.O. bonding, with interest, at a rate to be determined; <br /> <br />j: BE IT FURTHER RESOLVED, that the City Council Action of <br />l: August 11,1981 providing for internal borrowing from the <br />il Investment Fund is hereby recinded. <br /> <br />I' <br /> <br />Ij Adopted this <br />~ ! <br /> <br />!l <br />It <br />!I <br />Ii <br />U <br />L <br />i' <br />i ~ <br />\" <br />l' <br />!j <br />I, <br />Ii <br />); <br />II <br />II <br />\! <br />II ATTEST: <br />;; <br />!l <br /> <br />day of December <br /> <br />8th <br /> <br />, 1981. <br /> <br />APPROVED: <br /> <br /> <br />Ja <br /> <br />1--. Jo - _0 <2-_ <br />Fornell, City Manager <br /> <br />H <br /> <br /> <br />Clerk <br /> <br />i' <br />Ii Phyl11 <br />" <br />i! <br />I' (SEAL) <br />11 <br />