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A RESOLUTION AUTHORIZING THE CLOSURE OF <br />FUND 467 MARKETPLACE REHAB CAPITAL IMPROVEMENT <br />AND TRANSFERRING THE REMAINING FUND BALANCE TO <br />FUND 317 $1,970,000 G.O. TT BONDS OF 1995E <br />WHEREAS, <br />The obligations of the Marketplace Rehab Fund (Capital Improvement Fund 467) have been <br />completed and a deficit balance of ($2,025,582.89) exists in the corresponding debt service fund; <br />and, <br />WHEREAS, <br />The remaining fund balance for Fund 467 is $2,243,360.33; <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 $1,970,000 G.O. <br />iTtâ–  Bonds of 1995B (Fund 317) and the closure of Fund 467; <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 11 <br />