HomeMy WebLinkAbout07-20 - ADMIN Resolution - Economic Development Authority - 2007/12/17ST. LOUIS PARK ECONOMIC DEVELOPMENT AUTHORITY
EDA RESOLUTION NO. 07-20
RESOLUTION AUTHORIZING FUND EQUITY TRANSFERS
AND FUND CLOSINGS FOR 2007
WHEREAS, the Economic Development Authority of St. Louis Park has refunded two
debt service funds; and
WHEREAS, those funds still report cash balances; and
WHEREAS, they are no longer necessary to be maintained;
NOW THEREFORE BE IT RESOLVED by the St. Louis Park EDA:
1, That approval is hereby given to the Finance Director to transfer the following
sums of money as shown.
Transferring Fund Receiving Funds Amount
1996 GO TIF Bond Pooled Debt TIF Districts Remaining Balance
1997A GO TIF Bond Pooled Debt TIF Districts Remaining Balance
Attest:
2. Approval is hereby given to the Finance Director to close the following funds as
shown.
Estimated
Name Balance as of
12/31/06
1996 GO TIF Bond $700,927
1997A GO TIF Bond $230,529
for Administration: Adopted by the Economic Development Authority
December 17, 2007
Dlrectck President
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