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<br />RESOLUTION 88 - 101 <br /> <br />,,~ <br /> <br />A RESOLUTION FOR THE CITY OF ELK RIVER <br /> <br />RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS FROM <br />THE 1983 EQUIPMENT CERTIFICATE OF INDEBTEDNESS TO <br />THE EQUIPMENT RESERVE FUND <br /> <br />WHEREAS, the 1983 Certificate of Indebtedness has been retired, <br />and; <br /> <br />WHEREAS, the 1983 Certificate of Indebtedness debt service fund <br />has a cash balance of approximately $1,100, and; <br /> <br />WHEREAS, Minnesota Statutes Section 435.203 and 475.61 <br />Subdivision 4, allow for the transfer of these funds <br />for any general purpose. <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of <br />Elk River that any remaining funds in the 1983 <br />Certificate of Indebtedness debt service fund be <br />transferred to the Equipment Reserve Fund and the 1983 <br />Certificate of Indebtedness fund be closed. <br /> <br />. <br /> <br />~assed and adopted this 19th day of December, 1988, by the City <br />Council of the City of Elk River. <br /> <br />~~) 1 Ill} <br />L.' L ,,/"'~_X <br />Estelle E. Gunkel, Mayor <br /> <br />ATTEST: <br /> <br />~/ Z? ~~ <br /> <br />Patrick D. Klaers, City Administrator <br /> <br />. ~A <br />