RES 1974-71 - 00007901_ 146
146
RESOLUTION 71 -1974
A RESOLUTION CLOSING OUT THE PARK BOND FUND AND TRANSFERRING SURPLUS CASH TO THE
GENERAL FUND
WHEREAS, the City Council previously sold Park Bonds in the amount of
$150,000 dated May 1, 1962, and
WHEREAS, the City Council sold Park Bonds in the amount of $150,000 dated
January 1, 1973, and
WHEREAS, These bond issues provided for certain tax levies to be made for -
the purpose of providing for the retirement of principal and interest on the above
named bond issues, and
WHEREAS, The total principal and interest on the dove two bond issues have now
been retired.
NOW, THEREFORE, BE IT RESOLVED, That the cash remaining in the Park Bond Fund
shall be transferred to the General Fund.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 1ST DAY
OF JULY, 1974.
MAYOR - FRANK G1 LI L
ATTEST:
CITY CL - MARVIN C. BRUNSELL