2017-72CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DATE: December 11, 2017 RESOLUTION NO: 2017-72
MOTION BY: McDonald SECONDED BY: Tiornhom
RESOLUTION AUTHORIZING 2017 FUND TRANSFERS AND
CLOSURE OF FUNDS NO LONGER IN USE
WHEREAS, the city's auditors have completed the 2016 Financial Audit. Staff has identified the
General Fund Surplus as of December 31, 2016 to be $403,647.
WHEREAS, the city has decertified and closed four TIF Districts (TIF#4, TIF#5, TIF#9, and TIF#10)
and returned all excess Tax Increment to Carver County.
WHEREAS, the city has completed all construction and payment of related activities in the TH 101
Improvements Lyman to Pioneer Trail (Fund #604), and staff is recommending the transfer of the remaining
funds in Fund #604 to the next phase of construction on TH101 Pioneer Trail to Flying Cloud Drive (Fund #605).
shown:
NOW, THEREFORE, BE IT RESOLVED by the City Council of Chanhassen, Minnesota, as follows:
Authorization: The City Council hereby authorizes the Finance Director to close the following funds as
Fund Name
Fund Number
TH 101 hn /L an -Pioneer
604
TIF #4 Entertainment District
491
TIF #5 North Bay District
494
TIF #9 Gateway Place District
461
TIF #10 Downtown Transit District
462
2. Authorization: The City Council hereby authorizes the Finance Director to transfer the following
amounts as shown:
From Fund
To Fund
Amount
101 General Fund
601
$283,647.00
101 General Fund
400-4008
$120,000.00
604 TH101/Lyman-Pioneer
605
$2,798.68
Passed and adopted by the Chanhassen City Council this 11th day of December, 2017.
ATT 4 i,& w4ixivi
odd Gerhardt, City Manager Denny Lauf urger, Mayor Of
YES NO
Laufenburger
McDonald
Tjornhom
Ryan
ABSENT
Campion