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RESOLUTION 1I- <br />A RESOLUTION OF THE CITY OF ELK RIVER <br />A RESOLUTION AUTHORIZING THE TRANSFER OF EQUIPMENT <br />CERTIFICATES DEBT SERVICE FUNDS <br />WHEREAS, on February 1, 2011 the 2006B Equipment Certificates have been repaid in full; and, <br />WHEREAS, Fund 340 Equipment Certificates debt service fund is no longer utilized to account <br />for resources that are restricted for repayment of the debt the excess funds can be transferred to <br />another fund; and, <br />WHEREAS, The Ciry Council has reviewed the request to transfer the funds for the acquisition of <br />capital equipment and determined it to be a sound financial practice. <br />NOW, THEREFORE, BE IT RESOLVED that the Ciry Council of the City of Elk River <br />makes the following transfer of funds: <br />Fund 340 Equipment Certificates to Fund 410 Equipment Replacement <br />Passed and adopted this 2°d day of May 2011. <br />John J. Dietz, Mayor <br />ATTEST: <br />Tina Allard, Ciry Clerk <br />