Res 75 - 39 Transfer the Interceptor Sewer Improvement Fund's Equity & Liabilities to the Interceptor Sewer Debt Service FundCity of Mendota Heights
Dakota County, Minnesota
RESOLUTION NO. 75-39
RESOLUTION TO TR.ANSFER THE INTERCEPTOR
SEWER IMPROVEMENT FUND'S EQUITY AND
LIABILITIES TO THE INTERCEPTOR SEWER
DEBT SERVICE FLND
WHEREAS, the Interceptor Sewer Improvements were completed
prior to.December 31, 1973; and
tiVHEREAS, the only remaining duties to be completed relative
to this improvement are the collection and payment of funds for debt
service purposes; and
WHEREAS, it is necessary to have a separate fund for debt
service activities;
NOW THEREFORE,�IT IS HER�;BY RESOLVED by the City Council of
the City of Mendota`Heights, Dakota County, Minnesota, as follows:
That effective January l, 1974,.the Interceptor Sewer
Improvement Funds, equity and liabilities (on a cash
basis) bf $135,146.76 shall be transferred to the newly
created Interceptor,Sewer Debt Service Fund which shall,
after January l, 1974, receive. all=collections from
assessments related to the Interceptor Sewer Improvement. `
Adopted by the City Council of the City of Mendota Heights this 6th
day of May, 1975.
CITY COUNCIL
CITY OF MENDOTA HEIGHTS
BY ' �xd'
Donald L. Huber
,., , Mayor �,
ATTESfP :
//�i
Gilbert M" - flabaugh
City Clerk �