HRA Res 2015-12 Transfer of Funds
HOUSING AND RE
DEVELOPMENT AUTHORITY
IN AND FOR THE CITY OF FRIDLEY
COUNTY OF ANOKA
STATE OF MINNESOTA
HRA RESOLUTION NO. 2015-12
A RESOLUTION RATIFYING THE TRANSFER OF FUNDS BETWEEN
VARIOUS TIF DISTRICTS.
BE IT RESOLVED by the Board of Commissioners (the “Commissioners”) of the
Housing and Redevelopment Authority in and for the City of Fridley, Minnesota (the "Authority)
as follows:
WHEREAS, the Authority has a number of funds, several of which have negative fund
balances which are not expected to be repaid. To help reduce such negative fund balances, the
following amounts should be transferred from the following funds:
Amount
From Fund 046 to Fund 051 $225,000
From Fund 046 to Fund 052 $101,100*
From Fund 047 to Fund 057 $18,119
*Balance of remaining funds in 046 which should be approximately $101,100.
NOW, THEREFORE, BE IT RESOLVED that the above amounts shall be transferred as
of December 31, 2015.
Adopted by the Housing and Redevelopment Authority in and for the City of Fridley,
rd
Minnesota this 3 day of December, 2015.
Lawrence R. Commers, Chair
ATTEST:
__________________________________
Walter T. Wysopal, Executive Director
MMB: 4820-3491-4839, v. 1