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515 Little Canada Road, Little Canada, MN 55117-1600 <br />(651) 7664029 / FAX: (651) 766-4048 <br />www.ci.little-canada.inn.us <br />MEMORANDUM <br />TO: Mayor Blesener and Members of the City Council <br />FROM: Sharon Provos, Finance Director <br />DATE: December 11, 2014 <br />RE: Transfer of funds. <br />MAYOR <br />Bill 13lesener <br />COUNCIL <br />Rick Montour <br />John Keis <br />Michael McGraw <br />Shelly Boss <br />ADMINISTRATOR <br />Joel R. Hanson <br />The City purchased the property at 3046 Labore Road and accounted for the purchase in the <br />Parkland Acquisition Fund (fund 456) because of trail easements. After covering the purchase <br />costs, the City has a profit on the sale of the lot of $16,933 and a Title Defect Escrow of $979. <br />City staff recommends transferring these amounts from the Parkland Acquisition Fund to the <br />General Capital Improvement Fund (fund 400). <br />