Res 1996-20 ®�31,
RESOLUTION NO. 20 - 1996
A RESOLUTION AUTHORIZING THE TRANSFER OF $183,464 FROM
THE SPECIAL ASSESSMENT FUND TO THE CLOSED BOND FUND
WHEREAS, the City received a connection charge in the amount of $150,000 from
Burlington Northern which was inadvertently recorded in the wrong fund; and
WHEREAS, these monies earned interest in the amount of $183,464 from 1972
through 1995.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Fridley
hereby authorizes transferring $183,464 from the Special Assessment Fund to the
Closed Bond Fund to reimburse the Closed Bond Fund for the interest earned on
the connection charge.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 18TH DAY OF
MARCH, 1996.
tit)WILLI-
E - MAYOR
ATTEST:
it a CL,4
WILLIAM A. CHAMPA - CITY LERK
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