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Res 1979-123 212 RESOLUTION NO. 123 - 1979 A RESOLUTION AUTHORIZING TRANSFERS FROM THE PUBLIC UTILITY FUND AND THE REVOLVING FUND TO W-75 WATER WORKS IMPROVEMENT BOND FUND, WATER REFUNDING BONDS OF 1975 FUND, AND SPECIAL ASSESSMENTS REFUNDING BONDS OF 1964 WHEREAS, Tax levies have been adopted and filed with the County, 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 City of Fridley, meeting at a regular session on the 5th day of November as follows: 1 . That a transfer from the Public Utility Operating Fund to the Water Refunding Bond Fund W-75 in the amount of $38,662 for the purpose of eliminating the tax levy for the year 1979 collectible in the year 1980, is authorized. 2. That a transfer from the Public Utility Operating Fund to the Water Refunding Bonds of 1975 Fund in the amount of $51,926 for the purpose of eliminating the tax levy for the year 1979, collectible in the year 1980, is authorized. 3. That a transfer from the Public Utility Fund to the Refunding Bonds of 1964 in the amount of $4,748 for the purpose of eliminating the tax levy for the year 1979 collectible in the year 1980, is authorized. 4. That a transfer of the 1979 collections from Service Connections by the Special Assessment Revolving fund (80) to the Refunding Bonds of 1964 for the purpose of eliminating the tax levy for they year 1979, collectible in 1980 is authorized. PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 5TH DAY OF NOVEMBER, 1979. WILLIAM J. NEE - MAYOR ATTEST: CITY ERK - MARVIN C. BRUNSELL