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R-80- 65 <br />RESOLUTION <br />CITY OF LAKE ELMO <br />WASHINGTON COUNTY, MINNESOTA <br />A RESOLUTION ESTAHLISHING,CLOSING AND <br />APPROPRIATING BUDGET RESERVES FOR THE <br />CITY OF LAKE ELMO, STATE OF MINNESOTA. <br />WHEREAS, the City of Lake Elmo finds the following: <br />1. The City has appropriate cash reserves; <br />and, <br />2. The City has incurred expenses which <br />should properly be appropriated from <br />said reserves; and, <br />3. The City has adequate reserves to.meet <br />these expenses <br />NOW, THEREFORE, BE IT RESOLVED by the City Council., <br />City of Lake Elmo; <br />THAT, the following reserves are appropriated to <br />the General Fund to pay for these expenses as indicated <br />below: <br />1. Maintenance Equipment Sinking Fund-- <br />$27,64.7.74, for. the Maintenance garage; <br />and, <br />2. Emergency Road Maintenance and Road <br />Construction Fund--$1.8,977.73; for <br />MSI #1; $1862.45 for the improvement <br />of: the parking area and driveway at <br />the Maintenance Garage; and, <br />3. Building Construction Sinking Fund-- <br />$3,292.00 for the City Office roof, and, <br />$31,723.62 for the Maintenance Garage; and, <br />4. Fire Equipment Sinking Fund--$27,693 for <br />Fire Truck Chassis, $525.00 for Fire Hall <br />driveway improvement, and $40,000.00 for <br />the Maintenance Garage; and, <br />THAT, the following reserves are eliminated by <br />appropriating the amounts indicated below to the General <br />Fund for the Maintenance Garage: <br />1. Major Planning Contingency Fund---$11,490.00 <br />2. Diseased Tree Contingency Fund--$12,500.00 <br />3. Water System Construction Reserve--$15,000.00; <br />and, <br />