Laserfiche WebLink
<br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION 87 - 31 <br />RESOLUTION OF THE CITY OF ELK RIVER <br /> <br />RESOLUTION AUTHORIZING TRANSFER OF FUNDS FROM THE CAPITAL <br />PROJECT FUND TO THE PARK DEDICATION FUND <br /> <br />WHEREAS, the City maintains a Capital Projects Reserve Fund for <br />various improvements that can not be funded from any <br />other source; and <br /> <br />WHEREAS, the City is planning Capital improvements for Orono <br />Park in 1987 to include, but not limited to, parking <br />lot bituminous surfacing, street repair, and concrete <br />curb, and; <br /> <br />WHEREAS, the City Council wishes to retain the Park Dedication <br />Fund at its current level and not fund these <br />improvements from the Park Dedication Fund. <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council, City of Elk <br />River, that $50,000 will be transferred from the <br />Capital Project Fund to the Park Dedication Fund to <br />finance Orono Park capital improvements. <br /> <br />BE IT FURTHER RESOLVED that any surplus cash remaining after <br />completion of the improvements will be transferred back to <br />the Capital Projects Fund. <br /> <br />Passed and adopted by the City Council of the City of Elk River, <br />this 22nd day of June, 1987. <br /> <br />Ga"fb r~vl J~'? <br />.. ,.I., /-;' .. i " <br />L' (- ./ t{/~L / '~. <br />Estelle Gunkel,'Mayor <br /> <br />ATTEST: <br /> <br />p~Z;d~ <br /> <br />Patrick D. Klaers, City Administrator <br />