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RESOLUTION 08 - <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 $107,046 should be transferred out of the Municipal <br />Liquor Fund to provide funding for the Park 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 $107,046 <br />Passed and adopted this 16~' day of June 2008. <br />Stephanie Klinzing, Mayor <br />ATTEST: <br />Tina Allard, City Clerk <br />C:\Documents and Settings\jmiller\Local Settings\Temporary Internet Files\OLK3E\parkimprovementfundtransfer (2).doc <br />