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A RESOLUTION AUTHORIZING THE CLOSURE OF <br />FUND 317 $1,970,000 G.O. TIF BONDS OF 1995B <br />AND TRANSFERRING THE REMAINING FUND BALANCE TO <br />FUND 440 RICE STREET/LITTLE CANADA ROAD REDEVELOPMENT FUND <br />WHEREAS, <br />The debt service obligations of the $1,970,000 G.O. TIF Bonds of 1995B (Debt Service Fund <br />317) have been completed; and, <br />WHEREAS, <br />The remaining fund balance for Fund 317 is $217,652.44; <br />NOW THEREFORE BE IT RESOLVED BY THE COUNCIL OF THE CITY OF LITTLE <br />CANADA, MINNESOTA <br />That Council hereby authorizes the transfer of the remaining fund balance to the Rice <br />Street/Little Canada Road Redevelopment Fund (Fund 440) and the closure of Fund 317; <br />The motion for the adoption of the foregoing resolution was seconded by Council Member <br />and upon vote taken thereon, the following voted in favor thereof: <br />Fahey, LaValle, Morelan, Pedersen, and Scalze; <br />and the following voted against the same: None. <br />Whereupon said resolution was declared duly passed and adopted. <br />3/22/99 <br />Page 10 <br />