76-04
CITY OF CHANHASSEN
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HENNEPIN AND CARVER COUNTIES, MINNESOTA
RESOLUTION
Date
January 5, 1976
Resolution No.
76-04
Motion by Councilman Kurvers
Seconded by Councilman
Hobbs
LOAN OF 71-1 BOND FUNDS TO PROJECT 75-2.
WHEREAS, it has been found and determined that there are
uncommitted funds in the 71-1 Bond Fund, and that there is a
present need of funds for the Carver Beach Sewer and Water Project
75-2.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF CHANHASSEN,
MINNESOTA, AS FOLLOWS:
1. The City Treasurer is hereby authorized and directed
" to transfer uncommitted funds from time to time and as the need
arises from the 71-1 Bond Fund on a loan basis to the Carver Beach
Sewer and Water Project 75-2.
2. That all such advances of funds shall bear interest at
the rate of eight (8) per cent per year, and shall be repaid to
the 71-1 Bond Fund immediately upon receipt of the proceeds of the
1976 bond sale for the funding of the Carver Beach Project.
Adopted by the Council th~s 5th day of January, 1976.
YES
Mayor Klrn,gelhutz
Councilman Kurvers
Councilman Hobbs
Councilman Shulstad
Councilman Neveaux
gL Jj. ?tK'7r~
MA OR V
NO
ATTEST:
ZA 2/1 ~Al~d
CLERK-ADMINISTRATOR
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STATE OF MINNESOTA
COUNTY OF CARVER
ss
CER'l' I F I CA'l' ION
I,
GERALD W. SCHLENK
, duly appointed, qualifiec
and acting Ci.ty Clerk-Administrator of the City of Ch~nhassen,
Minnesota- do hereby ce~tify that I have compared the foregoing
copy of a resolution with the original minutes of the proceedings
of the City Council of the City of Chanhassen, Minnesota, at
their session held on the 5th
19 76
day of January
and now in file i~ my cffice, and have foune the same to be a
true and correct copy thereof.
Witness my hand and official seal at Chanhassen, Minnesota
this'
5th
January
76
, 19
day of
Lf~v4~ .1c$-l
. Clerk-Administrator