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RESOLUTION NO. 4247 <br /> CITY OF MOUNDS VIEW <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> A RESOLUTION AUTHORIZING AN INTERFUND TRANSFER AND CLOSING THE <br /> LEGAL DEFENSE AND COMPOST FUNDS AND TRANSFERRING THE ASSETS OF <br /> SAID FUNDS TO THE MUNICIPAL GOLF COURSE FUND <br /> WHEREAS, the Legal Defense Fund was established to account <br /> for a property tax levy that was designated in 1988 to pay the <br /> costs of the City's lawsuit against Williams Pipeline Company; <br /> and <br /> WHEREAS, the Compost Fund was established in 1988 to account <br /> for a grant from Ramsey County; and <br /> WHEREAS, the Recycling Fund was created in 1988 to account <br /> for a grant from Ramsey County and the Metropolitan Council to <br /> operate a recycling program within the City; and <br /> WHEREAS, the activity in these Funds has been minimal o is <br /> no longer pertinent to present City operations and activities; <br /> and <br /> WHEREAS, a deficit of $7,507 exists in the Recycling Fund <br /> thereby necessitating an interfund transfer. <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the <br /> City of Mounds View that the Finance Director-Treasurer is hereby <br /> directed to do the following: <br /> 1. Transfer $7,507 from the Legal Defense Fund to the <br /> Recycling Fund. <br /> 2 . Close the Legal Defense and Compost Funds. <br /> 3 . Transfer-all assets of said Funds to the Municipal <br /> Golf Course Development Fund. <br /> Adopted this 22 day of June, 1992 . <br /> ATTEST: <br /> Mayor <br /> (SEAL) <br /> City Administrator <br />