Loading...
Res 77 - 118 Eliminating 1965 State Aid Bond Fund & Transferring Said Fund Assets, � . . � . , . . , . , , . . ., � � '; _ . r, �: t _� , , .. , . - ; - � ' F`W J .i ! � i �� �C� 4.� ` a . � , t�•.� f� _ � r _�� +r j, � r�/ _ i; .aa `�,,z' .r .F .3 ;+ .-. '�; • . , . ` ' � .� j�s �{ �� � � �.5� � � � � ` Z F •y'� • � , ° } t' ��"". 5 1� ' i � �'`0 c i` ���� �i'y�.i"� . .. . • ;,.: -. , t : ~ : ' � a � � � i-r� .�` �'6 4 k . � . - � . " . - . ACITY OF MENDOTA HEIGHTS = ' - ` " � , , .. � �,� � Dakota County, P4innesota � ., � , . t' Y � : �'1�. Y.. a + { ' ' � •� 'j � � � ' 1, � - ,� f . 'r.i� ,y .. - r t •r� � +4�� �+# -�,�" i �� ,+� rt� . � + . _ . � ��,, . ��r ; '. s +a�� P�SOLUTION�!NO. �- 77-118 � ," , . , , . . � . , , .. , ' RESOLUTION ELIMINATING 1965 STATE ,AID BOND.FUND ' ,� ; _ , • � ' ' � � AND TRANSFERRING'SAID FUND ASSETS • . • , , , * . . .. , , . -_[�REAS, the City of Mendota Heights created the 1965 State Aid � - � Bond"Fund in conjunction with the issuance of imorovement bonds for - - ' � � various road projects; and � � � . . � � . . • . � , "' ' . . `, - WE�REAS,,the January 1, 1977 fund balance of $181,529.�66 , - . represents accummulated assessments, earned interest and excess • . . construction funds since inception; and ��- � - • WHEREAS, said Fund°s functions are complete and, therefore, it is ' � � � desiralile to eliminate the 1965 State Aid Bond Fund by transferring the , _ fund's assets effective Januar,y 1, 1977 as follows: ' - ' . . � State Aid Debt Service Fund $1.05,775,00 �� � General Fund , . ' ' 75,754;66 � , , Total ' ' $181,529.66� ' ' � NO�V TI�REFORE BE IT RESOLVED by the City Council of the City of � - . - _ Mendo.ta Heights that the transfers indicated above be completed as of `, �. , January 1, 1977 and the 1965 State Aid Bond Fund be eliminated. �. ' .. , Adopted by the City Council of the City of Mendota Heights this�20th ' , ,� day of December, 1977. • _ ` � � ; " � � • ' ' . � ' • ' 4 - • � • • ' � • v ' • , . 1.1� I.QVLVC�. � •. ' . , + � � CITY OFi,:.riENDOTA _ HEIGHTS � . • - • . •. . ' • ' ' , . � _ � ' � ' 4 + , . ' � � ' gy, �u?'�-�1L�/cJ i � . . ' ' , � -Robert-G.�Lockwood ' - ATTEST: y • ' � ' Mayor . � . � ' • , . . � � . • i • - . . ,{�%�.� r� . ��.�� � • � ; � . � � . , � ' Kathleen M. Swanson . _, ' . - . . Deputy Clerk � , ' � � • � � • � . . . - - -� . - ., � . . • � �, , . . . ' � � � � _, . ' . ' , , � a .: ,' . , . � � ' , , . , , � ,