HomeMy WebLinkAboutItem 10 - Resolution 2014-17 2013 Internal Loan RepaymentResolution 2014-17
CITY OF LAKE ELMO WASHINGTON COUNTY STATE OF MINNESOTA RESOLUTION 2014-17 A RESOLUTION APPROVING A $200,000 INTERNAL LOAN REPAYMENT, FROM THE VILLAGE FUND TO THE GENERAL FUND IN THE AMOUNT OF $200,000 EFFECTIVE DECEMBER 31, 2013 WHEREAS, the City of Lake Elmo approved the 2014 General Fund budget on December 3, 2013; and
WHEREAS, the City included in that budget a loan repayment in the amount of
$200,000; and
WHEREAS, based upon the completion of the preliminary fieldwork the actual results
have surpassed the 2014 budget sufficiently to allow for this budgeted internal loan repayment;
and
BE IT RESOLVED THAT THE City of Lake Elmo approves a $200,000 internal loan repayment, from the Village Fund to the General Fund, effective December 31, 2013.
ADOPTED BY THE CITY COUNCIL OF THE CITY OF LAKE ELMO THIS EIGHTEENTH DAY OF MARCH 2014. CITY COUNCIL
CITY OF LAKE ELMO By: __________________________
Mike Pearson
Mayor ATTEST:
________________________________
Adam Bell City Clerk