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<br />~',~ <br /> <br />...c, ~ <br /> <br />1<.usolm-i(jn No. 88 - 4 7 <br /> <br />; : <br /> <br />State of Minnesota <br />COLID ty of Hamsey <br />City of: New B~ighton <br /> <br />" <br />! ~ <br /> <br />j, <br />I ~ <br />i: <br />~OLUTION AUTHORIZING 'l'HE CLOSING OF THE FRANCHISE FEE FUND #402 <br />Ii <br />I' <br />Whereas, the City was considering the use of a franchise fee for underground <br />J.'tilities; <br /> <br />Jhereas, in considering this fee certain direct costs were incurred; <br />1 ~ <br />~ereas, the approxi.rna.te ail'Ount of direct costs was $4,400; <br />" <br />4J,ereas, the consideration of a franchise fee has been discontinued; <br />I, <br />I! <br />W'\1ereas, proper accounting n;Cjuires tJ:lilt the fund established to account <br />1pr this activity be closed.; <br />.; ,'',1 <br />rfb..v, therefore be it resolved: <br />l: <br />f. All assets, liabilities and f1.IDd lY3.1.ance of the Franchise Fee Fund #402 <br />::$hall be closed to the Long Lake Roa.d Reconstruction Project #423-48501. <br />1 ~ <br />I <br /> <br />1~ The fund closing shall be effect.ive May 31, 1988. <br /> <br />4~OPh,d this <br />i <br />j <br /> <br />10th <br /> <br />day of <br /> <br />May. 1988 <br /> <br /> <br />! <br />i <br />1\ <br />~~pr~-"''''.'-' , . <br />'11:..',' - ~ .. ':-..' -: <br />:~~- - <br />':~rillff;~ .ii:' ~~ <br />Einahrc'_ r;-~- ;-octoz / <br />· rt- .'~"- "-!=7"'- -' <br />~; Cl tv. ~rk<" - <br /> <br />,: <br />Ii <br />'I <br /> <br />Ho rt J. Be ,Mayor <br /> <br />.~.~ <br />--~ <br />Hen.~ D inda, City Manager <br /> <br />. <br />, , <br /> <br />,', <br />. . <br />