HomeMy WebLinkAbout00-131RESOLUTION 00-131
A RESOLUTION AUTHORIZING THE TRANSFER OF
REFERENDUM FUNDS
Motion By: PETERSEN
Second By: GUNDLACH
WHEREAS, in 1996, a Park and Library Referendum bond was approved in the amount of $7.8 million;
and
WHEREAS, the Parks and Library projects for which the bond proceeds are dedicated are substantially
complete; and
WHEREAS, a balance remains in the account of approximately $380,000; and
WHEREAS,
the Referendum Fund was supplemented by a transfer of $21,889 from the Storm Water
Trunk Fund and $3,285.00 from the Trunk Reserve Fund by Resolution 99-93, and a
$69,002.50 transfer from the Trunk Reserve Fund by Resolution 99-33; and
WHEREAS, the City Council desires to reimburse these funds from the balance of the Referendum
Fund; and
WHEREAS, the City Council desires to transfer all remaining funds in the Referendum Fund to the
Capital Park Fund.
Now THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA that:
1. $69,002.50 is to be reimbursed to the Trunk Reserve Fund from the Referendum Fund.
2. $21,889 is to be reimbursed to the Storm Water Trunk Fund from the Referendum Fund.
3. $3,285 is to be reimbursed to the Trunk Reserve Fund from the Referendum Fund.
4. All remaining funds in the Referedum Fund ($286,000+) are hereby transferred to the Capital
Park Fund.
PASSED AND ADOPTED THIS 18TM DAY OF DECEMBER, 2000.
YES NO
Mader X Mader
Ericson X Ericson
Gundlach X Gundlach
Petersen X Petersen
Zieska X Zieska
City ake
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER