HomeMy WebLinkAbout1827-90 - ADMIN Ordinance - City Council - 1990/04/02r
ORDINANCE NO. 1827-90
AN ORDINANCE CREATING AN UNINSURED LOSS FUND
AND AUTHORIZING THE TRANSFER OF FUNDS TO THE
FUND'S RETAINED EARNINGS ACCOUNT FOR FISCAL
YEAR 1989.
The City of St. Louis Park does ordain:
Section 1. That an Internal Service Fund be established called Uninsured
Loss Fund for the propose of providing funds if losses exceed City insurance
policy limits.
Section 2. That the sum of $450,000 be transferred from the General Fund
fund balance designated for loss reserves, account No. 01-2607, and that
the sum of $300,000 be transferred from the General Fund unreserved,
undesignated fund balance account No. 01-2602, to the following account for
excess liability related to potential uninsured losses.
01-4579-35 Transfer to Uninsured Loss Fund $ 750,000
Section 3. That the contributed capital in the Uninsured Loss Fund, Account
No. 79-3901 "Transfer from General Fund" be estimated in the amount of
$750,000 resulting from "transfer" in Section 2.
Section 4. That the City Manager be directed to cause the appropriate
accounting entries to be made in the books and records of the City for
fiscal year 1989.
Attest:
Reviewed for administration
Adopted by the Ci Council April 2, 1990
(S) 6) /
Mayor
Approved as to form and execution:
(S) 6-'4021
(S) a�d,I ?( ZdJLl
City Manager City Attorney
Minnesota Suburban Newspapers
AFFIDAVIT OF PUBLICATION
'%TATE OF MINNESOTA)
City of St. Louis Park
(Official Pubhcatioo)
Summary ORDINANCE NO'1827-90
An ordinance creating ai Uninsured Loss Fund
and authorizing the transfer dt hinds to the hind's
retained earning a c upflor Iscal year 1989
Summary .nip mfLnanbe-creates Umn-
sured Lass Fund and:transf&s<funds from the
General Fund fu icLiiiauite detignated for bowl
reserves and tlie';Gedeklf3uid unreserved
unites ted find pce in t Utunsured Lass
Fund for fiscal SS yr.a
.Adopted by the City ,Council
COUNTY OF HENNEPIN) Apnl 2, 1990
/s/ LYLE HANKS
.. ' Mayor
is
G r e g o r, P t a c i n available copy f r inspectzoll n"with theordinance
Clerrk
being duly sworn on an oath says that he/she c (April u 1990) -SLP
the publisher or authorized agent and employee of the publisher of the newspaper known as
S t . Louis Park Sailor , and has full knowledge of the facts which are
stated below
(A) The newspaper has complied with all of the requirements constituting qualification as a qualified newspaper,
as provided by Minnesota Statute 331A 02, 331A 07, and other applicable laws, as amended
(B)The panted Ordinance No. 1827-90
which is attached was cut from the columns of said newspaper, and was printed and published once each week,
for one successive weeks, it was first published on We do e s d a Y , the 11 day
f
AP ri 1 , 19 90 , and was thereafter printed and published on every
and including
to
, the _ day of , 19 , and printed below is
a copy of the lower case alphabet from A to Z, both inclusive, which is hereby acknowledged as being the size
and kind of type used in the composition and publication of the notice
abcdefghijklmnopgrstuvwxyz
Acknowledged before me on this
30 day of AP ri I , ig 90
MERIDSL M. HEDBLOM
NOTARY XuBLiC-1AINNESOTA
HENNEPIN COUNTY
MY COMMISSION EXPIRES 7.2 -
RATE INFORMATION
(1) Lowest classified rate paid by commercial users
for comparable space
(2) Maximum rate allowed by law for the above matter
(3) Rate actually charged for the above matter
1 10 per line
(Line, word, or inch rate)
6491 per line
(Line, word, or inch rate)
59` per line
(Line, word, or inch rate)