RES 1977-30 - 00007097RESOLUTION NO. 30 -1977
A RESOLUTION AUTHORIZING COMBINING STORM SEWER PROJECT NO. 120 WITH
REVOLVING FUND
WHEREAS, certain work has been done to improve tax forfeit properties
in the Marian Hills area; and
WHEREAS, this work has been assessed against the benefited property;
and
WHEREAS, the funds expended will be returned to the City when the properties
are sold; and
WHEREAS, the project is a relatively small project, therefore, it is
impractical to keep a permanent bond fund and to prepare and sell bonds for the
project,
NOW, THEREFORE, BE IT RESOLVED, that the Finance Director is hereby
authorized to combine Storm Sewer Project No. 120 with the Revolving Fund, and
to transfer $7,127.58 from the Revolving Fund to Project No. 120, and to
transfer the assessments receivable from Project No. 120 to the Revolving Fund.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 21ST DAY
OF MARCH, 1977.
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ATTEST:
CITY CLERK'- MARVIN C. BRUNSELL
M - WILLIAM J. NEE
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