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2010-56 CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: June 14 , 2010 RESOLUTION NO: 2010 -56 MOTION BY: Litsey SECONDED BY: McDonald RESOLUTION AUTHORIZING FUND TRANSFER TO EDA FOR BOND SALE TO THE CITY WHEREAS, the city is issuing Street Reconstruction Bonds for the Construction of Audubon Road. WHEREAS, the city is issuing a Bond from the City's EDA to the City for the construction of Audubon Road. 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: Transfer to Amount 601 Revolving Construction Assessment Fund 220 (EDA) $1,540,000 00 Passed and adopted by the Chanhassen City Council this 14th day of June, 2010. ATTEST: I T • • d Gerhardt, City Manager Thomas A. Furlong, Mayor YES NO ABSENT Furlong Ernst Litsey McDonald Tjornhom