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No. R-85-42 <br />CITY OF FALCON HEIGHTS <br />C O U N C I L R E S O L U T I O N <br />Date July 24, 1985 <br />A RESOLUTION RELATING TO THE TRANSFER OF FUNDS FROM DEBT SERVICE FUND <br />TO THE CONSTRUCTION FUND (FINANCING DISTRICT N0. 1 IN DEVELOPMENT <br />DISTRICT N0. 1) <br />RESOLVED, That the City Council of Falcon Heights directs the City Treasurer to <br />transfer Surplus funds created by interest earned on the Tax Increment funds <br />for construction of certain improvements in Development District No. 1 of Tax <br />Increment District No. 1 which were inadvertently deposited in the Debt <br />Service Fund. <br />NOW, THEREFORE, BE IT RESOLVED that the Council directs the City Treasurer to <br />transfer $23,915.25 from the above mentioned account to the Construction <br />.Account. <br /> <br />Moved by Councilmember Hard <br />Seconded by Councilmember Ciernia <br />~as Nays <br />//~ggert <br />vGrierna ~In Favor <br />$aldwin <br />vH'ard ~ Against <br />vEhenoweth <br />Adopted by Council July 24, 1985 <br />Approved by <br />~~~~ \~ <br />Date ~ <br />Attested by ' ,~~~~1 <br />Clerk Admin. <br />to <br />