1960-2078ra+
RBSOLUTION N0, 20?8
RESOLUTION TRANSFERRING NECESSARY CASH BALANCES •PROM
VILL9G8 PROJECT Noo 357 OONSTRUCTION FUND 12,1 VILLAGE PROJECTS
NOSo 348 ~ 348A~:9 350~i~•9 351, 355®1 and 360 CONSTRUCTION FUNDS.
AND CLOSING THE TATTERS
~~9 Proceeds from sale of 1959 Improvement Bonds on Resolution 19?6 dated
Sept. 149-1959 were transferred to Village Project N®e 348, 350A.' 351e 355~i,
35? and. 360 C®nstruction Funds9 and
~S9 !'~li construction costs have been paid and assessed against benefit~d~•
properly for Village Project No, 3489 348A9 35],19 3519 3551 and 360 construe-
tion funds9 and
U~RBAS~9 it is hereby determined that there are no further commitments on
these projects9 and
t~6REAS9 There is an over~e~tpended balance in s~s~eral funds as follows:
Village Project NoQ 348 ~ $84?,83a Viila.ge Project No® 350A ~. $280040$
Village Project Noo 351 ~ $24,48a Village Project No® 355®1 $48081; Vii®
gage Project Noo 360 m $97.059 and
WHBRBAS9 adda.tional financing is needed in Village Project Noo 348A Construc
tion Pund in the amount of $1?92290039 and
WHSRSAS9 There is a surplus cash balance in Village Project Noo 35? Construc
tion Pund9
NOW THEREPORE9 BE IT RESOLVED by the Village Council of the Village of
Richfield as follows:
i0 That surp]:us cash in the amount of $1.8x52?o60 be transferred from
Vil]a.ge Project No® 35? Cons traction Pund to the above construction
funds in the amounts recguired as heretofore set forth
20 That Village Project No. 3489 348A9 350A9 3519 3551 and 3b0
construction funds are hereby closed,
3,` That the director of finance is hereby authorized and directed to
put into effect the provisions of this resolution0
Passed by the village council of the Village of Richfield this 23rd day of
Pebruary9 1960®
ATTESTS
~ C1erl~
~ia~cor
Manager