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CITY OF ST. ANTHONY VILLAGE <br />STATE OF MINNESOTA <br />RESOLUTION 18 -016 <br />A RESOLUTION AUTHORIZING RETOACTIVE HSIP DEBT SERVICE TRANSFER <br />WHEREAS, each year staff identifies debt service transfers between funds; and <br />WHEREAS, HSIP grant proceeds were received on 12/29/2017 and therefore not included in <br />the annual transfer resolution passed at the 12/12/2017 City Council meeting: <br />WHEREAS, the HSIP grant was included as a bonding source for the HSIP project: and <br />WHEREAS, the appropriate accounting for HSIP grant proceeds are to deposit proceeds into <br />the HSIP construction fund and then transfer the amount designated as a bonding <br />source to the HSIP debt service fund; and <br />NOW THEREFORE BE IT RESOLVED, that the City Council of the City of St. Anthony here <br />by approves the transfer of funds noted below, retroactive to 12/31/2017: <br />From Fund Amount To Fund <br />Debt Service Transfers: <br />2016 HSIP Improvement (525) $692,145.71 2016B HSIP Debt Service Fund (536) <br />Adopted this 9rh day of Jana , 2018. <br />Jerome O. Faust, Mayor <br />ATTEST: <br />Ni o e Miller, City Cle k <br />Reviewed for Administration: A <br />Mark Casey, Ci anager <br />