HomeMy WebLinkAbout1967-005 CCR Member Theodore Willard introduced the following resolution and
moved its adoption:
RESOLUTION NO. 67 -5
RESOLUTION TO PROVIDE FUNDS FOR THE PURPOSE OF
PAYING JANUARY 1, 1967 PRINCIPAL AND INTEREST ON
LIBRARY BONDS ISSUED TANUARY 1, 1966
WHEREAS, the Village Council of the Village of Brooklyn Center did
on November 8, 1965 adopt Resolution No. 65 -228 which appropriated the
amount of $28,654.00 of the 1966 budget for Mayor and Council contingencies;
and
j WHEREAS, the sum of $14,700. 00 included in the contingency
appropriation was reserved for principal and interest payments due January 1,
1967 on Library bonds to be issued on January 1, 1966; and
WHEREAS, the Village Council did on December 13, 1965 adopt
Resolution No. 65 -245 which provided for the payment of $190, 000.00 in
Library bonds over a period of years; and
WHEREAS, said resolution did declare that the sum of $20, 000.00
would be provided out of general funds of the Village for the January 1, 1967
principal and interest payments; and
WHEREAS, after providing for the payment of construction costs of
the Library, there is sufficient funds remaining from the sale of the bonds to
reduce the amount to be provided out of general funds to the amount of $14,700.00
which was provided in the 1966 budget:
BE IT THEREFORE RESOLVED by the City Council of the City of Brooklyn
Center to transfer the sum of $14, 700.00 from the General Fund Mayor and
Council Contingency Account to the Library Bond Redemption Fund; and
BE IT FURTHER RESOLVED to transfer the sum of $5,300.00 from the Bond
Fund to the Library Bond Redemption Fund.
January 3, 1966
Date Mayor
ATTEST:�
Clerk
The motion for the adoption of the foregoing resolution was duly seconded
by member John Leary and upon vote being taken thereon, the following
voted in favor thereof: Philip Cohen, John Leary, Gordon Erickson, Howard
Heck and Theodore Willard,
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.