HomeMy WebLinkAboutResolution 2005-146CITY OF LAKE ELMO
WASHINGTON COUNTY, MINNESOTA
RESOLUTION 2005-146
A RESOLUTION ESTABLISHING A DEPOSITORY ACCOUNT
FOR GRANT FUNDS
WHEREAS, the City of Lake Elmo has received a grant from the 3M Company
for the installation of water service to residents in the Tablyn Park/Lake Elmo
Heights /31" Street areas,
WHEREAS, the 3M Company has requested the City to set up accounting
procedures to track funds and expenditures,
WHEREAS, as part of the accounting procedures a separate depository account is
requested for the purposes of receiving Grant Funds
WHEREAS, the Lake Elmo City Council designates a separate depository
account be established with the Lake Elmo Bank for the sole purpose of receiving Grant
Funds and transferring such. funds to the City's Checking Account for payment of
expenditures towards the specified water project.
NOW, THEREFORE, BE IT FURTHER RESOLVED, that Martin Rafferty, City
Administrator and Thomas Bouthilet, Finance Director be Authorized Signatures on this
Account.
ADOPTED, by the Lake Elmo City Council on this 20'h day of December 2005.-----,
Dean Johnston, Mayor