Laserfiche WebLink
dik►' I �, <br />RESOLUTION NO. 1740 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />RESOLUTION DESIGNATING RETAINED EARNINGS OF THE WATER <br />AND SEWER FUNDS AS RESERVES FOR FUTURE MAINTENANCE AND <br />CAPITAL IMPROVEMENT PROJECTS <br />WHEREAS, the 1983 Water and Sewer Budgets provided <br />$42,500 and $33,187 respectively for projects contained in the <br />1983 Water and Sewer system's Maintenance and Capital Improve- <br />ment Program; and <br />WHEREAS, on December 31, 1983 there remained balances of <br />$33,614 and $33,187 available for Water and Sewer Fund <br />Projects respectively; and <br />WHEREAS, it is the desire of the Council to make those <br />monies available for future maintenance and capital <br />improvement projects; <br />NOW, THEREFORE BE IT RESOLVED by the Council that <br />$33,614 of retained earnings of the Water Fund is hereby <br />`~ designated as a Reserve For Future Maintenance and Capital <br />Improvement Projects and that $33,187 of retained earnings of <br />the Sewer Fund is hereby designated as a Reserve For Future <br />Maintenance and Capital Improvement Projects. <br />Adopted this 28th day of May, 1983. <br />ATTEST: <br />(SEAL) <br />Mayor <br />Clerk -Administrator <br />