HomeMy WebLinkAbout99- 42 - ADMIN Resolution - City Council - 1999/04/05r
RESOLUTION AUTHORIZING
TRANSFERS FROM THE MATURED SPECIAL ASSESSMENT AND
PIR FUNDS TO THE SPECIAL ASSESSMENT CONSTRUCTION FUND
AS OF DECEMBER 31, 1998
99-421
WHEREAS, the City has incurred improvement project costs and requires appropriate
financing for such costs, and,
WHEREAS, the City has funds available to finance on a permanent or interim basis such
project costs,
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ST LOUIS PARK, MINNESOTA, that $2,298,057 06 be transferred from the Matured Special
Assessment Fund to the Special Assessment Construction Fund for project costs which have
been or will be assessed to the benefiting properties, and
BE IT FURTHER RESOLVED that $1,842,683 51 be transferred from the PIR Fund to
the Special Assessment Construction Fund for project costs representing the City share of
improvement projects, and
BE IT FURTHER RESOLVED that such transfers be made and recorded to the City's
books as of December 31, 1998
Reviewed for Administration
City Manager
Attest
d -
Ci Clerk
ted by
ity Council April 5, 1999
M