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RESOLUTION 12 - <br />A RESOLUTION OF THE CITY OF ELK RIVER <br />A RESOLUTION AUTHORIZING A TRANSFER FROM THE MUNICIPAL <br />LIQUOR FUND TO THE PARK IMPROVEMENT FUND <br />WHEREAS, The City Council approved establishing the Park Improvement Fund on June 2, <br />2008, and, <br />WHEREAS, The City Council has reviewed the request and determined it to be a sound financial <br />practice; and, <br />WHEREAS, It has been determined that $108,510 should be transferred out of the Municipal <br />Liquor Fund to provide funding for the Paxk Improvement Fund; <br />NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Elk River <br />makes the following transfer of funds from the Municipal Liquor Fund: <br />Park Improvement Fund $108,510 <br />Passed and adopted this 18~' day of June 2012. <br />John J. Dietz, Mayor <br />ATTEST: <br />Tina Allard, City Clerk <br />P D N E B E 6 B C <br />~V <br />