RES 1972-53 - 00008358I
RESOLUTION NO. 53 - 1972
A RESOLUTION AUTHORIZING THE TEMPORARY TRANSFER OF FUNDS FROM
THE STATE AID REVOLVING ACCOUNT TO THE NORTH PARK CAPITAL FUND
WHEREAS, The City Council has previously authorized
expenditures for the purchase of land in.an area known as-.,
North Park, and
WHEREAS, The City has requested State and Federal
participation for the purchase of this property, and
WHEREAS, Federal and State participation has not yet
been received in an amount necessary to off -set the cost
incurred to -date,
NOW, THEREFORE, BE IT RESOLVED, That a temporary-
transfer of funds from the State Aid Revolving Account to
the North Park Capital Account in the amount of $105,000
is hereby authorized.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE .
CITY OF FRIDLEY THIS iST DAY OF MAY 1972.
ATTEST:
IN, L_ FA
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