HomeMy WebLinkAbout08-045 - ADMIN Resolution - City Council - 2008/03/17RESOLUTION NO. 08-045
RESOLUTION AUTHORIZING SPECIAL ASSESSMENT TRANSFERS
WHEREAS, the City of St. Louis Park has specially assessed various projects; and
WHEREAS, it makes sense from an accounting view to pay those funds for work performed
in the current year; and
WHEREAS, the Permanent Improvement Revolving Fund was established to cover the
financing of assessments that are too small for a separate bond issue;
NOW, THEREFORE, BE IT RESOLVED, by the St. Louis Park City Council:
That approval is hereby given to the Finance Director to transfer the following special assessments
from the General Fund and Park & Recreation Fund to the PIR Fund and transfer an equal amount
of cash from the PIR Fund to the General Fund and Park & Recreation Fund.
Fund Name
Estimated Assessments to
Transfer
General Fund
$5,000
Park & Recreation Fund
$57,700
Administration:
Adopted b_ e City Council March 17, 2008
Attest:
City Clerk
Mayor