Res 74 - 38 Transfer of the Furlong Ave Street Improvement Fund's Equity & Liabilities to the Furlong Ave Street Debt Service FundCITY OF MENDOTA HEIGHTS
Dakota County, Minnesota
RESOLUTION NO. 74-38
RESOLUTION TO TRANSFER THE FURLONG AVENUE STREET
IMPROVEMENT FUND'S EQUITY AND LIABILITIES TO THE
FURLONG AVENUE STREET DEBT SERVICE FUND
WHEREAS, the Furlong Avenue Street Improvements were completed
prior to December 31, 1972; and
WHEREAS, the only remaining duties to be completed relative to this
improvement are the collecti:on and payment of Funds for debt service
purposes; and
Wi�REAS, 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 l, 1973 the Furlong Avenue Street
Improvement Fund's equity and liabilities (on a cash basis)
of $1,741.36 shall be transfered to the newly created
Furlong Avenue Street Debt Service Fund which shall, after
January l, 1973, receive all collections from assessments
related to the Furlong Avenue Street Improvement.
Adopted by the City Council of the City of Mendota Heights this
Seventh day of May , 1974.
CITY COUNCIL
TY OF MENDOTA HEIGHTS
By C� I
Donald L. Huber
Mayor
ATTEST :
G .�l.�R�dabaugh
Clerk-$reasurer