RES 1980-112 - 00006600ISO
RESOLUTION NO. 112 - 1980
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, 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 27th day of October as follows:
1. That a transfer from the Public Utility Operating Fund to the Water
Refunding Bond Fund W -75 in the amount of $45,929 for the purpose of
eliminating the tax levy for the year 1980 collectible in the year 1981, is
authorized.
2. That a transfer from the Public Utility Operating Fund to the Water
Refunding Bonds of 1975 Fund in the amount of $12,065 for the purpose of
eliminating the tax levy for the year 1980, collectible in the year 1981, is
authorized.
3. That a transfer from the Public Utility Fund to the Refunding Bonds of
1964 in the amount of $9, 141 for the purpose of eliminating the tax levy for
year 1980, collectible in the year 1981, is authorized.
4. That a transfer of the 1980 collections from Service Connections by the
Special Assessment Revolving Fund (80) to the Water Refunding Bonds of 1975
for the purpose of eliminating the tax levy for they year 1980, collectible
in the year 1981, is authorized.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 27TH OF ,
OCTOBER, 1980.
l 0 l %ID ci �A nn
ATTEST:
ACTING CITY CLERK - NASIM M. QURESHI
0072A/0841A