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RESOLUTION NO. (draft) <br />( CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />RESOLUTION AUTHORIZING THE CLOSING OF THE <br />MUNICIPAL STATE AID BOND FUND AND THE TRANSFER OF ITS ASSETS <br />TO THE GENERAL FUND <br />WHEREAS, by Resolution dated December 11, 1967 the City <br />of Mounds View authorized the issuance and sale of $140,000 <br />Municipal State Aid Street Bonds to finance State Aid street <br />improvements, pursuant to Minnesota Statutes, Chapters 162.18 <br />and 475, and that the proceeds of said sale were applied to <br />the total costs and expenses of said improvements; and <br />NOW, THEREFORE BE IT RESOLVED by the Council that <br />it is hereby found and declared that all principal and <br />interest payments on said Bonds have been made from the MSA <br />Bond Fund and a balance of remains in the Fund. <br />BE IT FURTHER RESOLVED that the Council authorizes the <br />transfer of to the General Fund and authorizes the <br />closing of the MSA Bond Fund. <br />Adopted this day of 1985. <br />ATTEST: <br />(SEAL) <br />Clerk -Administrator <br />