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RESOLUTION NO. 1792 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />A RESOLUTION AUTHORIZING AN EXPENDITURE OF FUNDS OF THE <br />SPECIAL PROJECTS FUND <br />WHEREAS, the Special Projects Fund was established to make <br />permanent transfers to other funds to finance the purchase of <br />equipment and/or capital improvement projects; and <br />WHEREAS, the Council has authorized, in the 1985 General <br />Fund budget• park improvements in the amount of $40,000 and the <br />purchase of grounds maintenance equipment in the amount of <br />$9,434; and <br />WHEREAS, the Council desires as far is practicable, to use <br />only the interest income of the Special Projects Fund to finance <br />the purchase of equipment and/or capital improvement projects; <br />and <br />WHEREAS, interest income of the Capital Projects Fund for <br />calender year 1985 is estimated to be approximately $42,000; <br />NOW, THERFORE, BE IT FURTHER RESOLVED by the Council that <br />$42,000 be transferred from the Special Projects Fund to the <br />General Fund during calender year 1985 to be used toward the <br />financing of park improvements and the purchase of grounds <br />maintenance equipment. <br />Adopted this 24th day of September, 1984. <br />ATTEST: <br />(SEAL) <br />Clerk -Administrator <br />