RES 1969-117 - 00010109RESOLUTION NO. 117 - 1969
A RESOLUTION MAKING A TRANSFER FROM THE PUBLIC UTILITY FUND TO W -75
WATERWORKS IMPROVEMENT BOND FUND, IMPROVEMENT BONDS OF 1960 FUND,
IMPROVEMENT BONDS OF 1963 FUND, IMPROVEMENT BONDS OF 1967 FUND, AND
REFUNDING BOND FUND
WHEREAS, tax levies, 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 14th day of July_, 1969,
as follows:
1. That a transfer from the Public Utility Operating Fund to
the Waterworks Improvement Bond Fund W -75 in the amount of
$50,361.00 be authorized for the purpose of eliminating the
tax levy for the year 1969, collectible in the year 1970.
2. That a transfer from the Public Utility Operating Fund to
the Improvement Bonds of 1960 Fund in the amount of
$7,412.00 be authorized for the purpose of eliminating the
tax levy for the.year of 1969, collectible in the year 1970.
3. That a transfer from the Public Utility Operating Fund to
the Improvement Bonds of 1963 Fund in the amount of $23,017.00
be authorized for the purpose of eliminating the tax levy
for the year 1969, collectible in the year 1970.
4. That a transfer from the Public Utility Operating Fund to Bonds
of 1967 in the amount of $2,003.00 be authorized for the
purpose of eliminating the tax levy for the year 1969, collectible
.in the year 1970.
5. That a transfer from the Public Utility Operating Fund to the
Refunding Bond Fund in the amount of $54,089.00 for the purpose
of reducing the tax levy for the year 1969, collectible in
the year 1970 be authorized.
ATTEST:
6. That the transfer of the 1969 collections from the Service
Connections to the Refunding Bond Fund for the purpose of
reducing the tax levy for the year 1969 is authorized.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS
14TH DAY OF JULY
X10/
1969.
tyHYOR - Jack 0. Kirkham