HomeMy WebLinkAboutResolution 4247
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RESOLUTION NO. 4247
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
A RESOLUTION AUTHORIZING AN INTERFUND TRANSFER AND CLOSING THE
LEGAL DEFENSE AND COMPOST FUNDS AND TRANSFERRING THE ASSETS OF
SAID FUNDS TO THE MUNICIPAL GOLF COURSE FUND
WHEREAS, the Legal Defense Fund was established to account
for a property tax levy that was designated in 1988 to pay the
costs of the City's lawsuit against Williams Pipeline Company;
and
WHEREAS, the Compost Fund was established in 1988 to account
for a grant from Ramsey County; and
WHEREAS, the Recycling Fund was created in 1988 to account
for a grant from Ramsey County and the Metropolitan Council to
operate a recycling program within the city; and
WHEREAS, the activity in these Funds has been minimal or is
no longer pertinent to present city operations and activities;
and
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WHEREAS, a deficit of $7,507 exists in the Recycling Fund
thereby necessitating an interfund transfer.
NOW, THEREFORE, BE IT RESOLVED by the city Council of the
City of Mounds View that the Finance Director-Treasurer is hereby
directed to do the following:
1. Transfer $7,507 from the Legal Defense Fund to the
Recycling Fund.
2. Close the Legal Defense and Compost Funds.
3. Transfer all assets of said Funds to the Municipal
Golf Course Development Fund.
Adopted this 22 day of June, 1992.
(SEAL)
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