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City of <br /> River <br /> Resolution 0 5-7m <br /> A Resolution of the City of Elk River Authorizing a Transfer from the <br /> Municipal Liquor Fund to the Park Improvement Fund <br /> WHEREAS, The City Council approved establishing the Park Improvement Fund on June <br /> 2, 2008,and, revised on November 19,2012, and, <br /> WHEREAS, The City Council has reviewed the request and determined it to be a sound <br /> financial practice; and, <br /> WHEREAS, It has been determined that$290,668 should be transferred out of the <br /> Municipal Liquor Fund to provide funding for the Park Improvement Fund; <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk <br /> River, Minnesota, as follows: that the City Council of the City of Elk River makes the <br /> following transfer of funds from the Municipal Liquor Fund: <br /> Park Improvement Fund $290,668 <br /> Passed and adopted this 15ffi day of June 2015. <br /> An J. ietz yor <br /> ATTEST: <br /> Tina Allard,City Clerk <br /> KIT b� <br />