Res 74 - 39 Transfer of the Highland Heights South, Somerset Hills, SW Industrial Park, Tilsen's Highland Heights & Cherry Hill ImprovementsCITY OF MENDOTA HEIGHTS
Dakota County, Minnesota
RESOLUTION NO. 74-39
RESOLUTION TO TRANSFER THE HIGHLAND iiEIGHTS SOUTH,
SOMERSET HILLS, SOUTHWEST INDUSTRIAL PARK, TILSEN'S
HIGHLAND HEIGHTS AND CHERRY HILLS SANITARY SEWER, STORM
'SEWER, WATER AND STREET IMPROVEMENT FUND'S EQUITY AND
ASSETS TO THE HIGHLAND HEIGHTS SOUTH, SOMERSE'T HIL-LS,
SOUTHWEST INDUSTRIAL PARK, TILSEN"S HTGHLAND HEIGHTS
AND CHERRY HILLS SANITARY SEWER, STORM SEWER, WATER
AND STREET DEBT SERVICE FUND ,
WE�REAS, the Highland Heights South, Somerset Hills, Southwest
Industrial Park, Tilsen's Highland Heights and Cherry Hills Improvements
were completed prior to December 31, 1972; and
WHEREAS, 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 HEREBY RESOLVED by the City Council of the City
of Mendota Heights, Dakota County, Minnesota, as follows:
That effective January 1, 1973 the Highland Heights South, Somerset
Hills, Southwest Industrial Park, Tilsen's Highland Heights and
Cherry Hills Sanitary Sewer, Storm Sewer, Water and Street
Improvement Fund's equity and assets (on a cash basis) of $95,898.09
shall be transferred to the newly created Highland Heights South,
Somerset Hills, Southwest Industrial Park, Tilsen's Highland
Heights and Cherry Hills Sanitary Sewer, Storm Sewer, Water and
Street Debt Service Fund which shall after January 1, 1973 receive all
collections and make all payments for debt service purposes
applicable to the permanent bond issue that financed said improvements.
Adopted by the City Council of the City of Mendota Heights this
Seventh day of May ;; 1974.
ATTEST:
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Cl T asurer
CITY COUNCIL
CITY OF MENDOTA HEIGHTS
By�_���:
Donald L. Huber
Mayor