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r. <br />RESOLUTION NO. 1881 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />RESOLUTION AUTHORIZIN0 THE REDUCTION OF THE WATER FUND <br />RESERVE FOR FUTURE MAINTENANCE AND CAPITAL IMPROVEMENTS <br />WHEREAS, the 1983 & 1984 Water Fund Budgets provided <br />$89,416 for projects contained in the 1.983 Water and Sewer <br />System's Maintenance and Capital Improvement Program; and <br />WHEREAS, costs of projects included in said program, <br />approved by the Council, and completed during 1984 amounted to <br />$101,266; and <br />WHEREAS, an additional $11,850 is needed to complete the <br />financing of said projects; and <br />WHEREAS, Council has previously designated $33,614 of <br />the Retained Earnings of the Water Fund as a Reserve For <br />Future Maintenance and Capital Improvement Projects as a means <br />of financing projects contained in the 1983 Water & Sewer <br />System's Maintenance and Capital Improvement Program; <br />NOW, THEREFORE BE IT RESOLVED by the Council that the <br />Reserve For Future Maintenance and Capital Improvements of the <br />Water Fund be reduced by $11,850 to $21,764. <br />Adopted this 22th day of April, 1985. <br />ATTEST: <br />(SEAL) <br />Clerk -Administrator <br />