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C5 <br />RESOLUTION No. 1992 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />RESOLUTION DESIGNATING RETAINED EARNINGS of THE SEWER <br />FUND FOR FUTURE MAINTENANCE AND <br />CAPITAL IMPROVEMENT PROJECTS <br />WHEREAS, tha 1985 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, or, December 31, 1985 there remained a balance <br />of $13,5i8 available for Sewer Fund Protects; 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 BE IT RESOLVED by the Council that <br />an additional $13,518 of retained earnings of the Sewer Fund <br />is hereby designated for Future Maintenance and Capital <br />Improvement Projects and affirms that as a consequence of this <br />designation the total amount so designated is now $73,178. <br />Adopted this 24th day of March, 1986. <br />ATTEST: <br />(SEAL) <br />Mayor -------- <br />Clerk -Administrator <br />