HomeMy WebLinkAbout1994-201 CCR1
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Member Kristen Mann introduced the following resolution and
moved its adoption:
RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS FROM THE
CAPITAL IMPROVEMENTS FUND TO THE ECONOMIC DEVELOPMENT
AUTHORITY FUND
WHEREAS, Section 7.11 of the City Charter provides the City Council with full
authority to make transfers between all funds which may be created, provided that such transfers
are not inconsistent with the provisions of related covenants, the provisions of the City Charter,
or State Statutes; and
WHEREAS, there now exists accumulated cash surpluses of $470,000 being held
in reserve in the Capital Projects Fund; and
WHEREAS, there are redevelopment projects anticipated or underway in the
Economic Development Authority Fund in need of additional funding.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center to transfer the amount of $470,000 from the Capital Projects Fund to the
Economic Development Authority Fund.
ATTEST:
September 26, 1994
RESOLUTION NO. 94 -201
Deputy Clerk
Todd Paulson, Mayor
The motion for the adoption of the foregoing resolution was duly seconded by member
Dave Rosene and upon vote being taken thereon, the following voted in
favor thereof:
Todd Paulson, Celia Scott, Dave Rosene, and Kristen Mann;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.