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RESOLUTION NO. 3026
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
Pursuant to due call and notice thereof, a meeting of the
Council of the City of Mounds View, Minnesota was held at City
Hall on April 23, 1990 with the following members present:
and the following members absent:
Member ~Qon~ introduced the following resolution and moved its
adoption:
A RESOLUTION DESIGNATING RETAINED EARNINGS OF THE SEWER
FUND AS A RESERVE FOR FUTURE MAINTENANCE AND CAPITAL
IMPROVEMENT PROJECTS
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WHEREAS, the 1988 and 1989 Sewer Budgets provided $66,374
for projects contained in the 1983 Water and Sewer Systems
Maintenance and Capital Improvement Program; and
WHEREAS, on December 31, 1989 there remained a balance of
$66,374 available for Sewer Fund projects; and
WHEREAS, it is the desire of the Council to make those
monies available for future maintenance and capital improvement
projects;
NOW, THEREFORE BE IT RESOLVED by the Council that an
additional $66,374 of retained earnings of the Sewer Fund is
hereby designated as a Reserve For Future Maintenance and Capital
Improvement Projects and affirms that as a consequence of this
designation the total amount so designated is now $193,523.
The motion for adoption of the above resolution was duly seconded
by Member W uo~ l. and upon a vote being taken, Ayes Nays,
said resolution was declared duly passed and adopted this 23rd
day of April, 1990.
ATTEST:
(SEAL)
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