Laserfiche WebLink
.. Cit� of ORONO <br /> ? <br /> � t yt <br /> � '��';� RESOLUTION OF THE CITY COUNCIL <br /> � r. <br /> � NO. 2670 <br /> � - • • � . <br /> A RESOLIITION TO TRANSFER MONIES FROM THE GENERAL FIIND <br /> TO THE BIIILDING OIITLAY FIIND <br /> WHER$AS, the City has previously established the <br /> Building Capital Outlay Fund for the collection of monies through <br /> transfers from the General Fund to eliminate or greatly reduce <br /> the need for future sale of bonds for facilities construction, <br /> and; <br /> WHEREAS , the City is currently in the process of <br /> determining new building facilities for the Police, Public Works <br /> and Administrative offices, or a combination thereof, and; ; <br /> WHERSAS, the City has certain monies available in the . <br /> General Fund which can be used for such purposes, and wishes to <br /> indicate this intention to the State Legislature. <br /> • NOW, THERSFORE BE IT RESOLVED, by the C i ty Counc i 1 o f <br /> the City of Orono, Hennepin County, Minnesota that $1,905,000 be <br /> transferred from the General Fund to the Building Capital Outlay <br /> Fund and that the respective budgets of each fund are hereby <br /> amended to reflect the transfer in or out and the increase in or � <br /> use of fund balance. - <br /> B$ IT FIIRTHER RESOLV$D, that the interest earned from ; <br /> this transfer is to be credited to the General Fund to the extent . <br /> requried to meet the amount budgeted for interest revenue. <br /> Adopted by the City Council of the City of Orono, <br /> Minnesota at a regular meeting held July 24, 1989. <br /> ATT ST: � Edwar Callaha ting Mayo . <br /> � � �s <br /> � <br /> Dorpthy . allin, City Clerk � <br /> � <br /> ._.�.,.-,�.....__..___---,..__.___.._,,,,.�.,..._ . <br />