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REQUEST FOR COUNCIL ACTION <br />COUNnil MEETING <br />MAY 1 3 200? <br />ciry oi^ oflONo <br />DATE: May 13,2002 <br />ITEMNO: <br />Department Approval: ^^/^^^Administrator Reviewed: <br />Name TomKuehn <br />Title Finance Director <br />Agenda Section: <br />City Administrator’s <br />Report <br />Item Description: <br />2000 Sewer Construction Fund Close Out - Resolution <br />Attachment: Resolution To Close the 2000 Sewer Construction Fund <br />In 2000 Council authorized the sale of the2000 G.O. Improvement Bonds to provide funding <br />for sanitary sewer improvement project areas identified as East Long Lake, Fox Ridge, and <br />Webber Hills. The projects have been completed and the balance remaining in the <br />construction fund is $133,869.70. As there is bonded debt outstanding, the renuuning equity <br />of the construction fund is required to be transferred to the debt service fund, effective <br />December 31,2001. <br />COUNCIL ACTION REQUESTED: <br />Adoption of Resolution #, A Resolution to Close the 2000 Sewer Construction <br />Fund to the 2000 Improvement Bond Debt Service Fund, effective December 31,2001. <br />WT\M—B_Ca««6I.Aaio«\TOMCIuiiawinr—0 dpi <br />t I* <br />^ I <br />: <br />t <br />. £