RES 1978-86 - 00007180138
RESOLUTION NO. 86 - 1978
A RESOLUTION AUTHORIZING TRANSFERS FROM THE PUBLIC UTILITY
FUND AND THE REVOLVING FUND TO W -75 WATER WORKS IMPROVEMENT
BOND FUND, WATER REFUNDING BONDS OF 1975 FUND, IMPROVEMENT
BONDS OF 1963 FUND, AND SPECIAL ASSESSMENTS REFUNDING BONDS
OF 1964
WHEREAS, Tax levies have been adopted and filed with the county, 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 11th day of September as
follows:
1 -. That a transfer from the Public Utility Operating Fund to the
Water Refunding Bond Fund W -75 in the amount of $40,202 for
the purpose of eliminating the tax levy for the year 1978,
collectible in the year 1979, is authorized.
2. That a transfer from the Public Utility Operating Fund to the
Water Refunding Bonds of 1975 Fund in the amount of $54,160
for the purpose of eliminating the tax levy for the year 1978,
collectible in the year 1979, is authorized.
3. That a transfer from the Public Utility Fund to the Improvement
Bonds of 1963 Fund in the amount of $868 for the purpose of
eliminating the tax levy for the year 1978, collectible in the
year 1979, is authorized.
4. That a transfer from the Public Utility Fund to the Refunding
Bonds of 1964 in the amount of $12,088 for the purpose of elimina-
ting the tax levy for the year 1978, collectible in the year
1979, is authorized.
5. That a transfer of the 1978 collections from Service Connections
by the Special Assessment Revolving Fund (80) to the Refunding
Bonds of 1964 for the purpose of eliminating the tax levy for
the year 1978, collectible in 1979, is authorized.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 11TH
DAY OF SEPTEMBER, 1978.
ATTEST:
V lA a "'Z �
CITY CLERK - MARVIN C. BRUNSELL
V v
MAYOR - WILLIAM J. NEE