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Meeting Date: 12/9/92 <br /> Agenda Item: C -2 <br /> CITY OF FALCON HEIGHTS <br /> REQUEST FOR COUNCIL CONSIDERATION <br /> ITEM DESCRIPTION: Operating Transfers <br /> SUBMITTED BY: Tom Kelly, City Accountant <br /> EXPLANATION /SUMMARY: <br /> The 1992 budget created a TIF District #1 Pool Fund which is <br /> responsible for collecting tax increment revenues for Hewlett <br /> Packard, Stratford and Falcon Woods tax increment projects. <br /> Funds would be transferred to those three bond funds as they need <br /> them. The Stratford TIF bond has a negative cash balance and <br /> thus $23,000 is needed to be transferred to it from the pool. <br /> ACTION REQUESTED: Approve attached resolution transferring <br /> funds. <br /> COnSen <br />