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Mounds View City Council March 25, 2002 <br />Regular Meeting Page 18 <br /> <br />Council Member Marty asked whether the development grant fund needed to be called the <br />special revenue fund or if it could just be labeled development grant fund. <br /> <br />Finance Director Hansen indicated the reports identify it as special revenue fund. <br /> <br />2. Resolution 5737 Approving Additional 2001 Transfers Between Funds <br /> <br />Finance Director Hansen indicated the purpose of this transfer is to make the December 31, 2001 <br />statement reflect that funds are not available for other items. <br /> <br />Finance Director Hansen indicated that the EDA budget was exceeded because it is difficult to <br />predict what types of development will occur during the year when budgeting. <br /> <br />Finance Director Hansen indicated he had recommended transferring $1,000,000 to a special <br />project fund because there is a surplus in the general fund. He then said he has done further <br />calculating and is recommending that $1,200,000 be transferred to the special project fund <br />because the general fund is better off than originally thought. <br /> <br />MOTION/SECOND: Marty/Stigney. To Waive the Reading and Approve Resolution 5737, a <br />Resolution Approving Additional 2001 Transfers Between Funds. <br /> <br /> Ayes – 5 Nays – 0 Motion carried. <br /> <br /> J. Personnel Action <br /> <br />MOTION/SECOND: Thomas/Stigney. To Accept the Letter of Resignation Dated March 25, <br />2002 from Tom Haack Effective Immediately. <br /> <br />Council Member Marty asked whether a license check had been done. <br /> <br />City Administrator Miller indicated that license checks were done sporadically in the past and the <br />City has implemented a policy whereby all employees by virtue of their job descriptions will <br />have their driver’s license checked <br /> <br />Ayes – 5 Nays – 0 Motion carried. <br /> <br />K. Correcting Resolution 5711 Approving Payment to Elegant Thymes <br />Management Company for Management of the Mounds View Banquet and <br />Conference Center <br /> <br />Finance Director Hansen indicated that the terminology was corrected in this Resolution to <br />indicate that net revenues not gross are used and noted that additional revenues for 2001 had <br />come in and the amount needed to be adjusted. <br />