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RES 1977-30 - 00007097RESOLUTION NO. 30 -1977 A RESOLUTION AUTHORIZING COMBINING STORM SEWER PROJECT NO. 120 WITH REVOLVING FUND WHEREAS, certain work has been done to improve tax forfeit properties in the Marian Hills area; and WHEREAS, this work has been assessed against the benefited property; and WHEREAS, the funds expended will be returned to the City when the properties are sold; and WHEREAS, the project is a relatively small project, therefore, it is impractical to keep a permanent bond fund and to prepare and sell bonds for the project, NOW, THEREFORE, BE IT RESOLVED, that the Finance Director is hereby authorized to combine Storm Sewer Project No. 120 with the Revolving Fund, and to transfer $7,127.58 from the Revolving Fund to Project No. 120, and to transfer the assessments receivable from Project No. 120 to the Revolving Fund. PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 21ST DAY OF MARCH, 1977. u ATTEST: CITY CLERK'- MARVIN C. BRUNSELL M - WILLIAM J. NEE 53