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R-82-13 <br />RESOLUTION <br />CITY OF LAKE ELMO <br />WASHINGTON COUNTY, MINNESOTA <br />A RESOLUTION TRANSFERRING THE NET PROCEEDS OF THE 1982 <br />BUILDING FUND INCOME, MINUS EXPENSES, TO THE BUILDING <br />FUND RESERVE. <br />WHEREAS, the City will receive interest income from <br />investment of the Building Fund Reserve; and, <br />WHEREAS, the City will receive income from the lease of <br />City property at 11194 Upper 33rd St. N; and, <br />WHEREAS, the City will incur the expense of leased property <br />at 3880 Laverne Avenue N,.with said rent paid from the City Building <br />Fund: <br />NOW, THEREFORE, BE IT RESOLVED, that the net proceeds of <br />the income, minus the expenses of the Building Fund, be transferred <br />into the Building Fund Reserve, <br />ADOPTED, this the 16th day of March, 1982, by the City <br />Council of the City of Lake Elmo, Washington County, Minnesota. <br />SIGNED: <br />Mayna L. Eder, Mayor <br />ATTEST: <br />Laurence E. Wa tt e <br />City Administrator <br />