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R 79-22 <br />RESOLUTION <br />CITY OF LAKE ELMO <br />WASIIINGTON COUNTY, MINNESOTA <br />A RESOLUTION ESTABLISHING A SPECIAL ASSESSMENT <br />FUND FOR ALL FLOOD CONTROL ASSESSMENT PROJECTS <br />WIiEREAS, the firm of DeLaliunt Voto & Co., Ltd., <br />Certified Public Accountants, examined the financial state- <br />ment of the City of Lake Elmo for the year ending December <br />31, 1977; and, <br />WI3EREAS, the Council of the City of. Lake Elmo ac- <br />cepted the resulting audit report submitted by DeLaIunt Voto <br />& Co., Ltd.; and, <br />WI3EREAS, DeLaliunt Voto & Co., Ltd. recommended the <br />City establish a Special Assessment Fund for all flood assess- <br />ment projects on page four of the comments of said audit; and, <br />WHEREAS, the establishment of said fund is,necessary <br />to improve control and understanding of the transactions in <br />this account for the year ending December. 31, 1.978. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of <br />the City of Lake Elmo, that: <br />1. The City Council hereby authorizes and orders the <br />establishment of a Special Assessment Fund .for all flood assess- <br />ment projects; and, <br />2. The City Council hereby authorizes and orders the <br />transfer of all assets and liabilities in the flood assessment <br />accounts of the General Fund to the Special Assessment Fund for <br />the year ending December 31, 1978. <br />ADOPTED, this the 3rd, day of .Ikpril, 1979, by the City <br />Council of the City of Lake Elmo, Washington County, Minnesota. <br />Signed: <br />h� G.-Armstrong, Mayor —�- <br />Attest: <br />Laurence E. Whittaker <br />City Administrator <br />