Laserfiche WebLink
RESOLUTION I I - <br />A RESOLUTION OF THE CITY OF ELK RIVER <br />A RESOLUTION AUTHORIZING A TRANSFER FROM THE <br />GOVERNMENT BUILDING FUND TO THE INSURANCE RESERVE FUND <br />WHEREAS, The City of Elk River has incurred litigation costs and the Insurance Reserve <br />Fund has insufficient funds to cover these costs, and <br />WHEREAS, The City Council has reviewed the request and determined it to be a sound <br />financial practice; and, <br />WHEREAS, It has been determined that an amount of $329,196.14 will be transferred out <br />of the Government Building Fund to provide funding for the landfill litigation costs. <br />NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Elk <br />River makes the following transfer of funds from the Government Building Fund: <br />Insurance Reserve Fund $329,196.14 <br />Passed and adopted this 19``' day of December 2011. <br />John J. Dietz, Mayor <br />ATTEST: <br />Tina Allard, City Clerk <br />N:\PubGc Bodies\Ciry Couneil\Council RCA\Agenda Packet\12-19-2011\Resolution%20insurancetransfer[1].docx <br />