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M&MO T0: Mr. Don Pauley, City Admini- tor <br />hlounds Vicw City Co <br />FROM: Bruce K. Anderson, Dir o; , Recreation and <br />stry Department <br />DATE: September 30, 1980 <br />RE: Silver View Park Fund <br />In response to the questions raised by the City Council <br />regarding the status of the Silver View Park Fund. We <br />currently have $120,950. in the City account for Silver <br />View Park. A more detailed breakdown of the $120,950. <br />is as follows: <br />DATE SOURCE TOTAL EXPLANATION <br />9/17/78 State of Minnesota $34,200. This is the States <br />25� share of $136,800. <br />park acquisition grant <br />from 1978 <br />11/OS/79 State of Minnesota $26,275 <br />12/31/79 Auditors Adjustment �60,475. <br />12/31/79 Interest $1,894.02 <br />This is the States <br />25$ share of the 1979 <br />phase one park develop- <br />ment grant of f105,300. <br />This adjustment comes <br />from the auditor fromr' <br />the City Revenue Sharin� <br />Account. � �- <br />This amnunt xeflects--- <br />the interest earned <br />on the 5120,950. that " <br />has been invested in <br />this account. <br />If you should have any questions regarding the status of this <br />account as of 9/25/80, feel free to give me a call at 784-3055, <br />extension M41. <br />