83-6795Rzo
RESOLUTION N.O. 6795
RESOLUTION AUTHORIZING TRANSFER OF FUNDS
FROM PERMANENT IMPROVEMEIv'T REVOLVING FUND
TO CP 771 ALLEY MAINTEATANCE TO PROVIDE
INTERIM FINANCING OF SAID PROJECT
WHEREAS, the Ordinance Code of the City of Richfield
provides that a Permanent Improvement Revolving Fund 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 ex-
penditures 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 771, 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 Richf field that $25,705.51 from. the
Permanent Improvement Revolving Fund of the City be transferred
to CP 771, Alley Maintenance for the purpose of providing interim
financing .
Passed by the City Council of -the City of Richfield this
22nd day of A•-gust, 198
ATTEST:
yli K. Bergh Ci Cler