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HomeMy WebLinkAbout1970-048 CCR Member Theodore Willard introduced the following resolution and moved its adoption: RESOLUTION NO. 70 -48 RESOLUTION TO TRANSFER FUNDS FROM SPECIAL ASSESSMENT FUND NO. 9 (1957 A B FUND) TO SPECIAL ASSESSMENT FUND NO. 19 WHEREAS, the City Council of the City of Brooklyn Center did on July 10, 1967 establish Storm Sewer Improvement Project No. 1967 -47 which provided for a storm sewer system for the area described as follows: France Avenue North from 68th Avenue North to approximately 186 feet north of Urban Avenue; 68th Avenue North from Ewing Avenue to France Avenue; and WHEREAS, the property owners benefited by the improvement had previously been fully assessed for a storm sewer improvement as part of a largErstorm sewer improvement district; it was the recommendation of the City Manager and the Director of Public Works and the concurrence of the City Council that the project would not be assessed, but paid for from other funds; and WHEREAS, after all the obligations of Special Assessment Fund No. 9 (1957 AB Fund) have been satisfied and all of its outstanding bonds have been retired, there remains surplus cash funds in an amount sufficient to pay the costs of Storm Sewer Improvement Project No. 1967 -47; and WHEREAS, these surplus funds are primarily a result of the favorable investments of assessment pre payments and assessment levies of the Fund; and WHEREAS, the improvement project has now been completed and the cost of the project has been determined to be $20,285. 62, of which cost Hennepin County paid $408.30 for the installation of two catch basins: NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Brooklyn Center, Minnesota, to transfer the amount of $19,877.32 from Special Assessment Fund No. 9 to Special Assessment Fund No. 19 to pay the net cost of Storm Sewer Improvement Project No. 1967 -47. April 13, 1970 Date Mayor ATTEST. Clerk The motion for the adoption of the foregoing resolution was duly seconded by member Vernon Ausen and upon vote being taken thereon, the following voted in favor thereof: Philip Cohen, John Leary, Vernon Ausen, Howard Heck and Theodore Willard; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted.