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2008-18 CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DA TE: March 24. 2008 RESOLUTION NO: 2008-18 MOTION BY: Ernst SECONDED BY: McDonald RESOLUTION AUTHORIZING 2008 FUND TRANSFER WHEREAS, the city has reconciled and deemed appropriate to transfer costs relating to the TH 5IWest 78th Street Improvements spent in 2001-2003, to the revolving assessment construction fund and the storm water fund. AND, WHEREAS, it has been determined that these costs are eligible for TIP reimbursement out of Gateway West TIP District before the district is closed and excess increment is returned to Carver County. NOW, THEREFORE, BE IT RESOLVED by the City Council of Chanhassen, Minnesota, as follows: 1. Authorization; Findings. The City Council hereby authorizes the Finance Director to transfer the following amounts as shown. Transfer from: 495 Gateway West TIF District 495 Gateway West TIF District Transfer to: 601 720 Amount $203,278.43 $ 70,048.70 Passed and adopted by the Chanhassen City Council this 24th day of March, 2008. ATTEST: 'L YES Furlong Ernst Litsey McDonald Tjornhom NO ABSENT