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A RESOLUTION AUTHORIZING THE CLOSURE OF FUND 510 <br />AND TRANSFERRING THE REMAINING BALANCE TO THE <br />CLOSED BOND FUND <br />WHEREAS, <br />The debt service obligations of the $1,480,000 G.O. Improvement <br />Bonds of 1983 (Debt Service Fund 510) have been completed; and, <br />WHEREAS, <br />The remaining fund balance for Fund 510 is $84,363.09; <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 Closed Bond Fund (Fund 500) and the closure of <br />Fund 510, retroactive to December 31, 1995; <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 />1/25/96 <br />Page 27 <br />