00-8872r
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RESOLUTION NO. 8872
RESOLUTION AUTHORIZING TRANSFER OF FUNDS FROM THE CAPITAL
IMPROVEMENT RESERVE FUND
WHEREAS, the City has incurred significant expenditures related to airport
mitigation and redevelopment in 1999, and additional funding is needed for these
expenditures; and
WHEREAS, the Capital Improvement Reserve Fund has been identified as having
sufficient funds for a transfer to cover airport expenditures incurred in 1999.
NOW, THEREFORE, BE IT RESOLVED that the City Council authorize the Finance
Manager to transfer from the Capital Improvement Reserve Fund effective as of December
31,1999, $500,000 to the HRA General Fund.
Adopted by the City Council of the City of Richfield, Minnesota this 10th day of April,
2000.
ATTEST:
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Thomas P. Ferber, City Clerk
0410-ArptTrf