82-6675R2
RESOLUTION N0. 6675
RESOLUTION AUTHORIZING TRANSFER OF FUNDS
FROM PERMANENT IMPROVEMENT REVOLVING FUND
TO CP 765, ALLEY MAINTENANCE TO PROVIDE
INTERIM FINANCING OF SAID PROJECT
WHEREAS, the Ordinance Code of the City of Richf field
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 765, Al1ey~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 $27,658.43 from the Perm-
anent Improvement Revolving Fund of the City be transfered to
CP 765, Alley Maintenance, for the purpose of providing interim
financing.
.Passed by the City Council of the City oaf Richfield,
Minnesota, this 11th day of October,,~1982~
Mayor
ATTESTa
'ylv' K. Bergh Cit Jerk
3
° EXTRACT OF MINUTES OF MEETING
OF THE CITY COUNCIL OF THE CITY
OF RICHFIELD, HENNEPIN COUNTY, MINNESOTA
Pursuant to due call and notice thereof a regular .meeting of the City
Council of the City of Richfield, Hennepin County, Minnesota, was held at
the City Hall in said City on Monday,. October 11, 1982, commencing at 7:00
o'clock P.M.
The following members were present:
and the following were absent:
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The following resolution was presented by Councilmember
Ludeman who moved its adoption:
"Ca ~hip.(the
~
the ''-ct under
(th pter 474
,~;ro 3 on the
_, b~Y ,e taken
Ric City of
1. The Council shall meet at 7:00 p.m. on Monday, November 8, 1982 to
conduct a public hearing on the proposed project requested by the.
Company and to take ihatever action in relation thereto as it deems
appropriate.
2. The City Clerk is authorized and directed to publish notice of the
hearing in the form attached hereto as Exhibit A once in the
official newspaper and once in the Minneapolis Star & Tribune, a
newspaper of generallcirculation in the City, not less than 15 days
prior to November 8,',1982.
The motion for the adoption of the foregoing resolution was duly
seconded by Councilmember Hassenstab and upon vote being
taken thereon, the following voted in favor of the motion:
Eunce, Hassenstab, Ka.rsch, I,udeman, Hamilton
and the following voted against:
None
whereupon said resolution was declared duly passed and adopted.