1e Wrase Property
CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DATE:
June 10~_2002 RESOLUTION NO: 2002-
MOTION BY:
SECONDED BY:
Authorization to Transfer Funds from the Utility Fund
to the General Fund, Wrase Property
A. WHEREAS, the City Council of the City of Chanhassen, Minnesota, determined that it was
expedient to use the proceeds from the sale of the Wrase property to alleviate part of the gap
between general fund revenues and expenditures at its May 14, 2001 meeting; and
B. WHEREAS, the Wrase property was recorded as an asset in the utility fund because it was
partially used as a site for the Arboretum water tower,
NOW, THEREFORE, BE IT RESOLVED by the City Council of Chanhassen, Minnesota, as follows:
A. Record Sale: The City Council authorizes the Finance Director to record the sale of the property
in the utility fund; and
B. Authorization to Transfer: The City Council authorizes the Finance Director to transfer the sale
proceeds to the general fund.
Passed and adopted by the Chanhassen City Council this 10th day of June, 2002.
ATTEST:
Todd Gerhardt, City Manager
Linda C. Jansen, Mayor
YES NO ABSENT