Res 1981 - 91 Establishing Utility Reserve FundCITY OF MENDOTA HEIGHTS
DAKOTA COUNTY, MINNESOTA
RESOLUTION NO. 81-91
RESOLUTION ESTABLISHING UTILITY RESERVE FUND
WHEREAS, it is the desire and intent to the City Council 6 avoid where -
ever possible the levying of taxes for the retirement of the general obligation
portion of improvement bonds issued for public utility construction; and
WHEREAS, the City Council, from time to time, receives and-1considers
requests by owners of property outside of the City's corporateliimits for
connection to the City's utility systems; and
WHEREAS, hook-up charges, as established from time to time'�by resolution
of the City Council, are required for all utility connections by properties
outside of the City's corporate limits; and
WHEREAS, said connection revenues are not normally allocated to a specific
fund for a specific purpose; H
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Mendota
Heights that a Utility Reserve Fund be established to hold any,non-allocated
revenues from outside sewer and water connections; and
BE IT FURTHER RESOLVED that the Utility Reserve Fund be used to finance
the annual, non-assessible, general obligation liability for public utility
improvement projects.
Adopted by the City Council of the City of Mendota Heights this 15th day of
December, 1981.
ATTEST:
9athleen M. Swanson
ity Clerk
M
CITY COUNCIL
CITY OF MENDOTA HE
By t�✓oJ ,
Robert G. Lockwood
Mayor