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RESOLUTION NO. 1841 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSE.Y <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 />1984 STREET MAINTENANCE PROJECTS <br />WHEREAS, by Resolution No. 1384 dated November 9, 1981 <br />the 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 <br />the Silver Lake Woods Improvement Project a balance of <br />$588,367.79. It is further found, determined, and declared <br />that the following projects authorized by Chapter 26 of the <br />Municipal Code require funds to finance their construction and <br />completion: <br />Improvement Funds Required <br />1984 Street Improvement $19,300 <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 />1984 Street Improvement and Maintenance Project. <br />Adopted this 3rd day of December, 1984. <br />ATTEST: <br />(SEAL) <br />Mayor <br />Clerk -Administrator <br />