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J&'V' 13 <br />RESOLUTION NO. 1793 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />RESOLUTION AUTHORIZING THE TRANSFER OF PROCEEDS FROM THE <br />SILVER LAKE WOODS CONSTRUCTION FUND TO THE GENERAL FUND FOR <br />1985 STREET MAINTENANCE PROJECTS <br />WHEREAS, by Resolution No. 1384 dated November 9, 1981 the <br />City of Mounds View authorized the issuance and sale of <br />$1,275,000 general obligation improvement bonds to finance the <br />Silver Lake Woods public improvement project and that the <br />proceeds of said sale where applied to the total costs and <br />expenses of the project. <br />NOW, THEREFORE, BE IT RESOLVED by the Council that it is <br />hereby found, determined, and declared that after all expenses <br />have been paid there remains in the construction account for the <br />Silver Lake Woods Improvement Project a balance of $588,367.79. <br />It is further found, determined, and declared that the following <br />projects authorized by Chapter 26 of the Municipal Code require <br />funds to finance their construction and completion: <br />Improvement Funds Required <br />1985 Street Improvement $35,000 <br />and Maintenance Project <br />BE IT FURTHER RESOLVED that the Council hereby authorizes <br />the transfer of $35,000 to the General Fund to be used for the <br />1985 Street Improvement and Maintenance Project. <br />Adopted this 24th day of September, 1984. <br />ATTEST: _ <br />Mayor <br />(SEAL) <br />Cferk-Administrator <br />