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RESOLUTION I 1 - 59 <br />• E OLUTION OF THE CITY OF ELK RIVER <br />AR S <br />A RESOLUTION AUTHORIZING A TRANSFER FROM THE MUNICIPAL <br />LIQUOR FUND TO THE GOVERNMENT BUILDING FUND <br />WHEREAS, The Ciry Council approved the awarding of bids for Phase I of the public <br />works facility project on September 19, 2011, and, <br />WHEREAS, The Ciry Council has reviewed the request and determined it to be a sound <br />financial practice; and, <br />WHEREAS, It has been determined that an amount not to exceed $2,750,000 will be <br />transferred out of the Municipal Liquor Fund to provide funding for the public work facility <br />protect; <br />NOW, THEREFORE, BE IT RESOLVED that the Ciry Council of the City of Elk <br />River makes the following transfer of funds from the Municipal Liquor Store <br />Fund: <br />• 2011 Government Building Fund $2,750,000 <br />Passed and adopted this 19`h day of September 2011. <br />hn Dietz, or <br />ATTEST: <br />Tina Allard, City Clerk <br />• <br />N:\Public Bodies\City Council\Finance\Tim\2011 \PWfacilirytransfer.doc <br />