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RESOLUTION 08., 033 <br />RESOLUTION OF THE CITY OF ELK RIVER <br />A RESOLUTION AUTHORIZING A TRANSFER FROM THE CAPITAL OUTLAY <br />RESERVE FUND TO THE EQUIPMENT REPLACEMENT FUND <br />WHEREAS, The Cite Council approved estal shin die equipment replacement fund on May , <br />2008, and, <br />WHEREAS, The City Council has reviewed the requestand deterred it to bea sound fmanclal <br />practice; and, <br />WHEREAS, It has been deterrru'ncd d -iat $1 000,000 should be transferred out of die Capital <br />Ouday Reserve Fund to proVIde funding for the c <br />UIP <br />e t Replacement Fund; <br />NOW, WHEREFORE, BE IT RESOLVED that die Cite Council of the Cit t of River <br />makes ffi 'ollowm' transfer of funds from the Capital Ouday Resenre Fund: <br />Equipment Replacement Fund $1)000)000 <br />Massed and adopted this 19 "' day of May n o . <br />� � 4 L}/ <br />Ste h,,Le Kiin m , TvUwt <br />ATTEST: <br />. ........................... ... <br />Tina Mard, C1tT Clerk <br />