Laserfiche WebLink
A RESOLUTION AUTHORIZING THE CLOSURE OF <br />FUND 308 $200,000 TIF BONDS OF 1988 <br />AND TRANSFERRING THE REMAINING FUND BALANCE TO <br />FUND 461 YORKTON /NORTH STAR TURF TIF DISTRICT #1 -2 <br />WHEREAS, <br />The debt service obligations of the $200,000 G.O. Tax Increment <br />Bonds of 1988 (Debt Service Fund 308) have been completed; and, <br />WHEREAS, <br />The remaining fund balance for Fund 308 is ($162.50); <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 <br />balance to the Yorkton /North Star Turf TIF District Fund (Fund <br />461) and the closure of Fund 308, retroactive to December 31, <br />1997; <br />The motion for the adoption of the foregoing resolution was <br />seconded by Council Member and upon vote taken <br />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 />2/19/98 <br />Page 68 <br />