83-45
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CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
RESOLUTION
DATE:
October 3, 1983
RESOLUTION NO:
83-45
MOTION BY COUNCILMAN: Geving
SECONDED BY MAYOR: Hamilton
A RESOLUTION AUTHORIZING THE CLOSING OF H.R.A. FUND #604 and #306 and FUND
#511 (Temporary Bonds of 1980) and TRANFERS BETWEEN FUNDS.
WHEREAS, the City Auditors, in their report entitled "Special Assessment
Temporary Bonds of 1980", dated January 1983 recommended the following tranfers
and closings.
WHEREAS, the City Auditors, in their report entitled "Tax Increment
Financing Plan", dated August 1983 recommended the following transfers and
closings.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL of the City of
Chanhassen as follows:
THAT THE FOLLOWING TRANSFERS are hereby authorized in accordance
with the City Auditors recommendation:
1. Transfer from Fund #573 (MSAS #101) to Fund #511 (Temp. Bonds of
1980) the amount of $90,000.00.
2. Transfer from Fund #593 (Lake Susan) to Fund #511 the amount of
$265,499.76.
3. The above will in effect close Fund #511.
4. Transfer from Fund #604 (Ring Road) to Fund #306 (1981 Tax Increment
Bonds) the amount of $157,750.46.
5. Transfer from Fund #460 (H.R.A. Operating) to Fund #306 the
amount of $404,914.95.
6. Item # 4 and 5 will in effect Close Funds #604 and #306.
7. Transfer in December 1983 from Fund #460 to Fund #309 (TID Refund-
Bonds of 1983) an amount to bring the Fund Balance at year end
up to $244,772, which is consistant with the tax increment Plan
dated August 1983.
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Passed and adopted by the City Council of the City of Chanhassen
this 3rd Day of October 1983.
ATTEST:
La Q 53)
Don Ashworth - City Manager
YES
NO
Hamilton
Geving
Horn
Swenson
Watson
ABSENT
None
None