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<br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLtlTIO~ 1\0. 5451 <br />Authorizing the establishment of a Park Dedication Fund and transferring in various funds to <br />initially establish said 'Fund. <br /> <br />CITY OF MOUNDS VIEW <br />County of Ramsey <br />State of Minnesota <br /> <br />WHEREAS, the City has received various funds for park land dedication which are presently recorded <br />and accounted for in the General Fund; <br /> <br />WHEREAS, the City has little land remaining which will be required to pay park land dedication fee to <br />the City, thereby limiting funds to be received in the future; and <br /> <br />\-VHEREAS, the City has contracted with the YMC A to manage its recreation programming and funds <br />rcmain in the City's Recreation Special Revenue Fund. <br /> <br />I\OW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds Vic\v that City <br />authorizes the establishment ofa Park Dedication Fund, with the interest earned on such fund to be used <br />tl.)!" capital improvements to the City's park and recreation facilities. <br /> <br />BE IT FURTHER RESOLVED that funds in General Fund Park Dedication Reserve account and in <br />the Recreation Special Revenue Fund are hereby transfened to the Park Dedication Fund, and the <br />General Fund Park Dedication Reserve account and Recreation Special Revenue Pund are to be closed. <br /> <br />BE IT FURTHER RESOLVED that the efICctive date for this resolution is for the year ending <br />December 31, 1999. <br /> <br />Said resolution was declared to have been duly passed and adopted this 12th day of June, 2000. <br /> <br />:\TTEST: <br /> <br />) </7'la i /i r......- <br />) Au. /{ o" / ,/ i <br />, \/",v~,' /, / ~'\J../..^-- <br />"-.." <br /> <br />Mayor <br /> <br />./ <br /> <br />(SE^L) <br /> <br />C.. <br />#XAJ ~ <br /> <br />City Administrator <br />