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2012-56 CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: October 22 , 2012 RESOLUTION NO: 2012 -56 MOTION BY: Ernst SECONDED BY: McDonald RESOLUTION AUTHORIZING 2012 FUND TRANSFER WHEREAS, the city wishes to transfer funds from the cable television fund and capital equipment replacement fund to the revolving assessment construction fund. The transfers are to be made as of October 23, 2012. WHEREAS, the funds are to be used to fund $1.8 million in street improvement projects in various neighborhoods throughout the city and $200,000 for a trail connection near Rice Marsh Lake. 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 210 Cable TV Fund $1,300,000 601 $2,000,000 400 Capital Eqpt Rep Fund $700,000 Passed and adopted by the Chanhassen City Council this 22nd day of October, 2012. ATT / ' • • • erhardt, City Manager Thomas A. Furlong, Mayor YES NO ABSENT Furlong Ernst Laufenburger McDonald Tjornhom