91-7827R82
RESOLUTION NO. 7827
RESOLUTION AUTHORIZING TRANSFER OF FUNDS
FROM GENERAL FUND FUND BALANCE TO THE
HOUSING AND REDEVELOPMENT AUTHORITY GENERAL FUND
WHEREAS, the City Charter provides for a transfer of funds
from one appropriation to any other appropriation upon recommen-
dation of the City Council; and
WHEREAS, the charter states that the funds appropriated must
be used only for the purposes designated by the City Council; and
WHEREAS, it appears desirable to transfer funds to the
Housing and Redevelopment Authority to be used to study airport
issues and to recommend policies and strategies which forward
Richfield's policies to various commissions; and
WHEREAS, the General Fund has sufficient fund balance to
transfer $50,000 necessary funds.
NOW, THEREFORE, BE IT RESOLVED by resolution of the City
Council to transfer $50,000 from the General Fund fund balance to
the Richfield Housing and Development Authority General Fund
Airport Planning Division.
Passed by the City Council of the City of Richfield, Minnesota,
this 9th day of December, 1991.
i~~' /~
Martin J. i sch Mayor
ATTEST:
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Thomas P. Ferber City Clerk