RES 1971-98 - 00009372172
RESOLUTION NO. 98 -1971
A RESOLUTION MAKING A TRANSFER THE PUBLIC UTILITY FUND TO W -75 WATER-
WORKS IMPROVEMENT BOND FUND, WATERWORKS BONDS OF 1970 FUND, IMPROVEMENT
BONDS OF 1960 FUND, IMPROVEMENT BONDS OF 1963 FUND, IMPROVEMENT BONDS OF
1970 FUND, AND REFUNDING BONDS FUND
WHEREAS, tax levies have been adopted or transfers into Bond Funds are
necessary to provide the required amount of money in certain improvement
bond funds.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of
Fridley, meeting at a special session on the 9th day of August, 1971, as
follows:
1. That a transfer from the Public Utility Operating Fund to the Water-
works Improvement Bond Fund W -75 in the amount of $49,271.00 is
authorized for the purpose of eliminating the tax levy for the year
1971, collectibly in the year 1972.
2. That a transfer from the Public Utility Operating Fund to the Water-
works Bond of 1970 Fund in the amount of $19,749.00 is authorized
for the purpose of eliminating the tax levy for the year 1971, col-
lectible in the year 1972.
3. That a transfer from the Public Utility Operating Fund to the Improve-
ment Bonds of 1960 Fund in the amount of $3,828.00 is authorized for
the purpose of eliminating the tax levy for the year 1971, col-
lectible in the year 1972.
4. That a transfer from the Public Utility Operating Fund to the Improve-
ment Bonds of 1963 Fund in the amount of $18,996.00 is authorized
for the purpose of eliminating the tax levy for the year 1971, col-
lectible in the year 1972.
5. That a transfer from the Public Utility Operating Fund to the
Refunding Bond Fund in the amount of $13,183.00 for the purpose of
reducing the tax levy for the year 1971, collectible in the year
1972.
6. That a transfer from Public Utility Operating Fund to the improve-
ment Bonds of 1970 Fund in the amount of $17,523.00 is authorized
for the purpose of eliminating the tax levy for the year 1971,
collectible in the year 1972.
7. That the transfer of the 1971 collections from the Service Connections
to the Refunding Bond Fund for the purpose of reducing the tax levy
for the year 1971 is authorized.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 9TH
DAY OF AUGUST, 1971.
ATTES
CITY CLERK - MARVIN C. BRUNSELL
O. C.,