HomeMy WebLinkAboutResolution 9206RESOLUTION 9206
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
AUTHORIZING A BUDGET ADJUSTMENT BETWEEN THE STREET IMPROVEMENT FUND
AND TIF DISTRICT 1 SPECIAL REVENUE FUND
WHEREAS, the City Council authorized reconstruction of Woodale Drive for 2019 with
funds from the Street Improvement Fund; and,
WHEREAS, the City was able to sell the parcels that make up Crossroad Pointe in
November of 2019; and
WHEREAS, this provided an opportunity to closeout TIF District 1 Special Revenue Fund
by using the sale proceeds to reconstruct substandard streets; and
WHEREAS, a budget adjustment is necessary to reprogram budget amounts between the
Street Improvement Fund and TIF District 1.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View
does hereby authorize an increase of $400,000 to account 410-4650-7050-322 and a reduction
to 485-4470-7050-322.
Adopted this 9th day of December, 2019
Carol A. Mueller, Mayor
ATTEST: A, 1� J�
Nyle Zik n , In rim City Administrator
(SEA)