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Res 74 - 36 Transfer of Funds to the Acacia Park Area Sanitary Sewer & Water Improvement FundCITY OF MENDOTA HEIGHTS Dakota County, Minnesota RESOLUTION NO. 74-36 RESOLUTION TO TRANSFER FUNDS TO THE ACACIA PARK AREA SANITARY SEWER AND WATER IMPROVEMENT FUND WHEREAS, the City of Mendota Heights has expended monies from the Acacia Park Area Sanitary Sewer and Water Improvement Fund in 1972; and WHEREAS, the improvements were cancelled in 1973, as per Resolution Number 73-05, due to the commencements of purchase negotiations between the Metropolitan Airports Commission and Acacia Park Area residents and land owners; and WI�REAS, said expended monies will not be recovered through assessments on Acacia Park Area properties at this time; NOW THEREFORE IT IS HEREBY RESOLVED by the City Council of the City of Mendota Heights, Dakota County, Minnesota, as follows: That a transfer of funds totaling $7,369.85 be made from the General Fund to the Acacia Park Area Sanitary Sewer and Water Improvement Fund (Improvement No. 72, Project � No. 1 expenditures) to offset the deficit that now exists in said improvement Fund. BE IT FURTHER RESOLVED that any future sewer and water improvements in the Acacia Park area include the above expenditures of $7,369.85; and BE IT FURTHER RESOLVED that at the time financing is made available for said future improvements, that the sum of $7,369.85 be transferred to the General Fund as reimbursement for past expenditures. .�dopted by the City Council of the City of Mendota Heights this Seqenth day of May , 1974. CITY COUNCIL CITY OF MENDOTA HEIGHTS By ��� � � Donald L. H er Mayor