84-6938R~z
RESOLUTION N0. 6938
RESOLUTION AUTHORIZING TRANSFER OF FUNDS
FROM PERMAr1ENT IMPROVEMENT RE'JOLVING FUND TO
GP 791 ALLEY MAINTENANCE TO PROVIDE INTERIM
FINANCING OF SAID PROJECT
WHEREAS, the Ordinance Cade of the City of Richfield
provides that a Permanent Improvement Revolving Furd to be used
for the purpose of financing local improvements, and
WHEREAS, the Ordinance states that the proceeds of said fund
may be used to provide interim financing of capital expenditures
for projects of the city by resolution of the City Council, and
WHEREAS, it appears desirable to transfer funds to provide
interim financing for CP 791, alley maintenance, and
WHEREAS, the Permanent Improvement Revolving Fund would
assume collections of the levied special assessments.
NOW, THEREFORE, BE IT RESOLVED by resolution. of the City
Council of the City of Richfield that $ 17,292.33_ from the
Permanent Improvement Revolving Fund of the City be transferred
to CP 791, Alley Maintenance far the purpose of providing
interim financing.
Passed by the City Council
24th day of September, 1984.
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