HomeMy WebLinkAbout1982-086 CCR Member Gene Lhotka introduced the following resolution and
moved its adoption:
RESOLUTION NO. 82 -86
RESOLUTION AUTHORIZING THE FINANCE DIRECTOR TO ISSUE
MASTER NOTES FOR TRANSFER OF FUNDS FROM THE INVESTMENT
TRUST FUND TO THE SPECIAL ASSESSMENT FUND
WHEREAS, the City Council of the City of Brooklyn Center, Minnesota,
has received reports from the City Engineer regarding the feasibility of proposed
1 construction within said City; and
WHEREAS, the City Council has established various improvement projects
to further investigate the potential benefit of said proposed construction to
the affected areas and the City as a whole; and
WHEREAS, the City Council, by establishing the various improvement
projects, has authorized the expenditure of finances from the Special Assessment
Fund to continue said investigations and /or construction:
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL of the City of
Brooklyn Center, Minnesota, that the Finance Director is hereby authorized to
provide the required financing of the various projects by transfer of funds
from the Investment Trust Fund to the Special Assessment Fund by issuance of
Master Notes according to the following schedule:
III Master Note
Project Number
Xerxes, 55th, 56th Street Improvement Project 1982 -02 1982 -01
Brookdale Access Improvement Project 1982 -03 1982 -02
Kylawn Water Main Improvement Project 1982 -06 1982 -03
Earle Brown Drive Street Lighting Improvement
Project 1982 -08 1982 -04
69th 70th Street Improvement Project 1982 -09 1982 -05
May 10, 1982 G"
Date May.
ATTEST: I 1 i
Clerk
The motion for the adoption of the foregoing resolution was duly seconded by
III member Bill Hawes and upon vote being taken thereon, the following
voted in favor thereof: Dean Nyquist, Gene Lhotka, Celia Scott, Bill Hawes,
and Rich Theis;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.