RES 1980-02 - 00006419RESOLUTION NO. 2 - 1980
RESOLUTION AUTHORIZING TRANSFER OF FUNDS FROM CITY GENERAL
FUND AND HOME OWNERSHIP FUND TO THE FRIDLEY HOUSING AND
REDEVELOPMENT AUTHORITY
WHEREAS the City has activated the Housing and Redevelopment Authority; and
WHEREAS the Housing and Redevelopment Authority will be administering certain
programs such as the Home Ownership Program, in addition to administering one
or more tax increment district programs; and
WHEREAS certain funds are now held in various accounts of the City of Fridley
that can be legally turned over to the Housing and Redevelopment Authority;
NOW, THEREFORE, BE IT RESOLVED as follows:
That the amount of $5,000 be transferred from the City's General Fund to the
Housing and Redevelopment Authority; and
That the amount of $5,000 be transferred from the Home Ownership Fund to the
Fridley Housing and Redevelopment Authority.
BE IT FURTHER RESOLVED that the transfer from the City General Fund shall
show the transfer from the Planning Department, and that the budget of the
Planning Department shall be increased by $5,000 and the emergency reserve
shall be decreased by $5,000.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 7TH DAY OF
JANUARY, 1980.
�ATTEST:
CI�TI'C ERK - MARVIN U. BRUNSELL
MIN
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