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<br /> <br /> <br />City of Elk River <br /> <br />City Council <br /> <br />Resolution 21-55 <br /> <br />A Resolution of the City Council of the City of Elk River Authorizing a <br />Transfer from the Government Building Fund to the 2020A CIP Debt <br />Service Fund and 2020B CIP Refunding Debt Service Fund <br /> <br />WHEREAS, The City Council authorized the issuance of the 2020A Capital Improvement <br />Bonds and the 2020B Capital Improvement Refunding Bonds on November 2, 2020. <br /> <br />WHEREAS, The bonds are a general obligation of the city payable by a tax levy or other <br />sources. <br /> <br />WHEREAS, The City Council has reviewed the request to transfer funds from the <br />Government Building fund for the debt service payments and consented to the following. <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk <br />River, Minnesota, as follows: The transfer of $220,048.64 from the Government Building <br />Fund to: <br /> <br /> 2020A CIP Debt Service Fund $140,875.47 <br /> 2020B CIP Refunding Debt Service Fund $79,173.17 <br /> <br />Passed and adopted this 2nd day of August 2021. <br /> <br /> <br /> <br /> John J. Dietz, Mayor <br /> <br /> <br /> <br />ATTEST: <br /> <br /> <br /> <br />Tina Allard, City Clerk <br /> <br /> <br /> <br />