RES 1976-92 - 00007436M
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RESOLUTION NO. 91 -1976
A RESOLUTION MAKING A TRANSFER FROM THE PUBLIC UTILITY FUND TO WATER & SEWER REVENUE
BOND FUND, W -75 WATER WORKS IMPROVEMENT BOND FUND, WATERWORKS BONDS OF 1970 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 regular session on the 13th day of September as follows:
1. That a transfer from the Public Utility Operating Fund to the Water
and Sewer Revenue Bond Fund in the amount of $11,932 is authorized.
2. That a transfer from the Public Utility Operating Fund to the Water
Refunding Bond Fund W -75 in the amount of $43,471 for the purpose of
eliminating the tax levy for the year 1976, collectible in the year
1977 is authorized.
3. That a transfer from the Public Utility Operating Fund to the Waterworks
Bond of 1970 Fund in the amount of $60,532 for the purpose of eliminating
the tax levy for the year 1976, collectible in the year 1977 is authorized.
4. That a transfer from the Public Utility Operating Fund to the Improvement
Bonds of 1963 Fund in the amount of $5,939 for the purpose of eliminating
the tax levy for the year 1976, collectible in the year 1977 is authorized.
5. That a transfer from the Public Utility Operating Fund to the Refunding
Bond Fund of 1975 in the amount of $17,273 for the purpose of reducing
the tax levy for the year 1976, collectible in the year 1977 is authorized.
6. That a transfer from the Public Utility Operating Fund to the Refunding
Bond Fund in the amount of $15,414 for the purpose of eliminating the
tax levy for the year 1976, collectible in the year 1977 is authorized.
7. That a transfer of the 1976 collections from Service Connections in the
Revolving Fund to the Refunding Bond Fund for the purpose of reducing the
tax levy for the year 1976, collectible in 1977 is authorized.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 13TH DAY
OF SEPTEMBER, 1976.
ATTEST:
CITY CLERK - MARVIN C. BRUNSELL
MAYOR - WILLIAM J NEE