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A RESOLUTION AUTHORIZING THE CLOSURE OF BOND FUND 515 <br />AND TRANSFERRING THE REMAINING BALANCE TO THE <br />CLOSED BOND FUND <br />WHEREAS, <br />The debt service obligations of the $155,000 Improvement Bonds of <br />1987 (Bond Fund 515) have been completed; <br />AND WHEREAS, <br />The remaining balance for Bond Fund 515 is $25,330.72; <br />NOW THEREFORE BE IT RESOLVED BY THE COUNCIL OF THE CITY OF LITTLE <br />CANADA, MINNESOTA <br />That Council hereby authorizes the closure of Bond Fund 515 and <br />transfers the remaining balance of this fund to the Closed Bond <br />Fund. <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 />Scalze, LaValle, Hanson, Pedersen, and Morelan; <br />and the following voted against the same: None. <br />Whereupon said resolution was declared duly passed and adopted. <br />Page 101 <br />