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City of <br /> Elk City of Elk River <br /> Wver City Council <br /> Resolution 18- <br /> A Resolution of the City Council of the City of Elk River Authorizing a <br /> Transfer from the General Fund to the Pinewood Golf Course Fund <br /> WHEREAS, The City Council approved a management agreement on March 6, 2017,with <br /> Elk River Golf Club to operate the city-owned Pinewood Golf Course. <br /> WHEREAS, The city would retain all revenues and pay all expenses relating to the <br /> operation of Pinewood Golf Course, and is responsible for all operating losses. <br /> WHEREAS, The operating loss for Pinewood Golf Course for the year ending December <br /> 31, 2017,is $41,065.18. <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk <br /> River,Minnesota, as follows: transfer$41,065.18 from the General Fund to the Pinewood <br /> Golf Course Fund. <br /> Passed and adopted this 51h day of February 2018. <br /> John J. Dietz,Mayor <br /> ATTEST: <br /> Tina Allard, City NATUREJ <br />