2000 HRA Resolution 0795
HRA RESOLUTION NO. 795
RESOLUTION AUTHORIZING TRANSFER OF FUNDS
FROM THE HRA CAPITAL PROJECT FUND (BONDS OF 1996)
WHEREAS
, on June 21, 1999, the Housing and Redevelopment Authority in and for
the City of Richfield (the “HRA”), did by HRA Resolution No. 717 authorize purchase of
real property located at 6639 Lake Shore Drive for the Gramercy Tax Increment Financing
District Project (the “Purchase Resolution”); and
WHEREAS,
the Purchase Resolution also indicated that HRA funds were available
for acquisition; and
WHEREAS
, the HRA’s purchase of 6639 Lake Shore Drive was not a budgeted
HRA transaction; and
WHEREAS
, the HRA’s auditors, HLBTautgesRedpath, Ltd. have recommended
that all transfers to fund project activity that are not part of the HRA budget be approved by
the HRA.
NOW, THEREFORE, BE ITRESOLVED
that the HRA authorize the CD Accountant
to transfer from the HRA Capital Project Fund (Bonds of 1996) $210,000 to the Gramercy
Tax Increment District Fund effective as of December 31, 2000.
Adopted by the Housing and Redevelopment Authority in and for the City of
Richfield, Minnesota this 18th day of December, 2000.
Thomas E. Harms, Chair
ATTEST:
Michael Sandahl, Secretary