Laserfiche WebLink
<br /> <br /> <br />City of Elk River <br /> <br />City Council <br /> <br />Resolution 23-____ <br /> <br />A Resolution of the City Council of the City of Elk River authorizing a <br />transfer from the Great River Energy (GRE) Reserve Fund to the Equipment <br />Replacement Fund and the Government Buildings Fund <br /> <br />WHEREAS, the GRE Reserve Fund was set up to track Host Fee funds received from <br />Great River Energy; <br /> <br />WHEREAS, the Great River Energy plant has closed and the Host Fee payments have <br />ended; <br /> <br />WHEREAS, the GRE Reserve Fund historically was used for miscellaneous projects such <br />as the city’s wayfinding initiative and the purchase of Bailey Point Nature Preserve. <br /> <br />WHEREAS, it has been determined that any remaining funds should be transferred out of <br />the GRE Reserve Fund to be split between the Equipment Replacement Fund and the <br />Government Buildings Fund; <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk <br />River, Minnesota, as follows: transfer $250,000 from the GRE Reserve Fund to the <br />Equipment Replacement Fund and transfer the remaining balance of approximately <br />$573,000 to the Government Buildings Fund. <br /> <br />Passed and adopted this _____ day of _______ 2023. <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 />