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RESOLUTION 90 -4- <br />A RESOLUTION TRANSFERRING MONIES FROM THE STORM SEWER <br />CONSTRUCTION FUND TO THE STATE AID ROADS FUND <br />WHEREAS, <br />All projects included in the City's Storm Sewer Construction Program were substantially <br />complete at December 31, 1989 and there remains a surplus in this fund. <br />AND WHEREAS, <br />The City's bond attorney has concluded this surplus can be deemed excess MSA monies <br />AND WHEREAS, <br />The City has constructed several MSA projects which have not been fully financed and as a <br />result, there is a deficit balance in the State Aid Road Fund <br />NOW THEREFORE BE IT RESOLVED BY THE COUNCIL OF THE CITY OF LITTLE <br />CANADA <br />That Council hereby approves a transfer in the amount of $242,000 from the Storm Sewer <br />Construction Fund to the State Aid Road Fund effective December 31, 1989. <br />PAGE 103 <br />