Laserfiche WebLink
RESOLUTION NO. 1883 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />RESOLUTION DESIGNATING RETAINED EARNINGS OF THE SEWER <br />FUND AS A RESERVE FOR FUTURE MAINTENANCE AND <br />CAPITAL IMPROVEMENT PROJECTS <br />WHEREAS, the 1984 Sewer Budget provided $33,187 <br />for projects contained in the 1983 Water and Sewer System's <br />Maintenance and Capital Improvement Program; and <br />WHEREAS, on December 31, 1984 there remained a balance <br />of $26,046 available for Sewer Fund Projects; 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. HE IT RESOLVED by the Council that <br />an additional $26,046 of retained earnings of the Sewer Fund <br />is hereby designated as a Reserve For Future Maintenance and <br />Capital Improvement. Projects and affirms that as a consequence <br />of this designation the total amount so designated is now <br />$59,660. <br />Adopted this 22th day of April, 1985. <br />ATTEST: <br />(SEAL) <br />Mayor <br />Clerk -Administrator <br />Q <br />