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RES 1970-166 - 00009845RESOLUTION NO. 166 -1970 A RESOLUTION MAKING A TRANSFER FROM THE PUBLIC UTILITY FUND TO W -75 WATERWORKS IMRPOVEMENT BOND FUND, IMPROVEMENT BONDS OF 1960 FUND, IMPROVEMENT BONDS OF 1963 FUND, IMPROVEMENT BONDS OF 1967 FUND, AND REFUNDING BOND FUND WHEREAS, tax levies have been adopted or transfers into Bond Funds are necessary to provide the required amount of money in certain Improvement Bond Funds, NOW, THEREOFRE, BE IT RESOLVED, by the City Council of the City of Fridley, meeting at a regular session on the 17th day of August, 1970, as follows: 1. That a transfer from the Public Utility Operating Fund to the Waterworks Improvement Bond Fund W -75 in the amount of $50,207.00 is authorized for the purpose of eliminating the tax levy for the year 1970, collectible in the year 1971. 213 5. That a transfer from the Public Utility Operating Fund to the Refunding Bond Fund in the amount of $37,063.00 for the purpose of reducing the tax levy for the year 1970 collectible in the year 1971 be authorized. 6. That the transfer of the 1970 collections from the Service Connections to the Refunding Bond Fund for the purpose of reducing the tax levy for the year 1970 is authorized. PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 17TH DAY OF AUGUST, 1970. MAYOR - JACK O. KIRKHAM ATTEST: CITY CLERK - MARVIN C. BRUNSELL 2. That a transfer from the Public Utility Operating Fund to the Improvement Bonds of 1960 Fund in the amount of $420.00 is authorized for the purpose of eliminating the tax levy for the year 1970, collectible in the year 1971. ' 3. That a transfer from the Public Utility Operating Fund to the Improvement Bonds of 1963 Fund in the amount of $19,638.00 is authorized for the purpose of eliminating the tax levy for the year 1970, collectible in the year 1971. 4. That a transfer from the Public Utility Operating Fund to Bonds of 1967 in the amount of $719.00 is authorized for the purpose of eliminating the tax levy for the year 1970. 5. That a transfer from the Public Utility Operating Fund to the Refunding Bond Fund in the amount of $37,063.00 for the purpose of reducing the tax levy for the year 1970 collectible in the year 1971 be authorized. 6. That the transfer of the 1970 collections from the Service Connections to the Refunding Bond Fund for the purpose of reducing the tax levy for the year 1970 is authorized. PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 17TH DAY OF AUGUST, 1970. MAYOR - JACK O. KIRKHAM ATTEST: CITY CLERK - MARVIN C. BRUNSELL