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<br />'~"!i"'"""'" <br /> <br />11\ <br /> <br />~ * <br />I: <br />.\ <br />~ ~ <br />~ ~ <br />I.' <br />" <br />; <br /> <br />'-, I <br />J <br />i.' <br />.---~'"..... I <br /> <br />"",.. <br /> <br />,. <br /> <br />RESOLUTION NO. 2324 <br /> <br />II <br /> <br />I <br />I <br />II <br />!l <br />II <br />1\ <br />II <br />i' RESOLUTION CREATING A DOWNTOWN DEVELOPMENT FUND AND AUTHORIZING <br />Ii LOAN TO PROVIDE INITIAL CAPITAL <br />if <br />., <br />i: <br />I <br />Ii and <br />li <br />I; WHEREAS said district will generate revenue and incur <br />il <br />:\ expenses, and <br />i ~ <br />r. <br />1\ <br />I!: WHEREAS such revenue and expenses are best accounted for by <br />,1 creation of a seperate development fund. <br />I! <br />,~ <br />; ~ <br />H <br />" <br />;1 <br />n <br /> <br />\1' <br />" <br />I <br />H <br />I' <br />II <br />H <br />H <br />II <br />l\ <br />!l <br />/, <br />Ii <br />~ , <br />:1 <br /> <br />I[Adopted this 22nd day o~i. ~pri1 1980. <br /> <br />Ii <br />I' <br />II ATTEST: <br />H <br />~ i <br />, <br />! <br />, <br />r <br />I! <br />II <br />Ij <br />I! <br />}~ - -- -~ '-" <br />ll., - ._ <br />I'" ~-- .' <br />":','tSflA L} .',:;: ,./ < '-" <br />.:: -'.. -. ,. . ... -.~:--- <br />.~ --- <br />1L-- <br />T-: <br />II <br />1/ <br />\l <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />WHEREAS the city has created a Downtown Development District, <br /> <br />NOW ~HEREFORE BE IT RESOLVED by the Council of the City of <br />New Brighton that a Downtown Development Fund be and is hereby <br />created to identify and account for such receipts and expenditure <br /> <br /> <br />BE IT FURTHER RESOLVED that initial capital to fund downtown <br />development district activities be provided by a temporary loan f ,om <br />the General Fund to be repa id at such time as the Downtown ; <br />Development District Fund has generated sufficient reserves to <br />fund repayment. <br /> <br />AND FURTHER RESOLVED that the Manager and Clerk-Treasurer be <br />and are hereby ordered and 'directed to implement the conditions <br />of this resolution. <br /> <br />~...- c.i12".-. <br /> <br />Vernon C. Pederson <br />Clerk-Treasurer <br /> <br /> <br />'Senden, Mayor <br /> <br /> <br />....... . <br />I ., r"~' .'~. <br /> <br />.,'.'''- <br /> <br />, ~ <br />