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C <br />RESOLUTION NO. 2230 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />RESOLUTION CLOSING TO THE <br />THE WATER <br />FUND <br />FAND <br />ND TRANSFERRING ITS <br />FUNDS <br />RAL <br />WHEF.EP:S, the Water Bond Fund was established to account <br />for the col.iection of taxes and special assessmentsondss levied in 1960 <br />connection with the issuance of Water Imp <br />rovementand to account for the debt service on said bonds; and <br />WHEREAS, the final _ayment of principle and interest on said <br />bonds was made in 1982; <br />NOW, THEREFORE, BE I: RESOLVED by the City Council vf tha <br />City of Mounds View that its obligation to holders of Water <br />Improvement Bonds of 1960 has been satisfied as a result of <br />making all payments of principle and interest pursuant to the <br />bond indt.,ture; <br />BE IT FURTHER RESOLVED, by the City Council of the City Of <br />to close <br />Mounds View thee• the Finance Director is hereby directed <br />the Water Bond Fund and to transfer all assets of thN Funa to the <br />City's General Fund. <br />ATTEST: <br />(SEAL) <br />Adopted this day of <br />, 1987. <br />Mayor <br />Clerk=Administrator <br />i. <br />