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2006-47 , . . CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DA TE: July 10" 2006 RESOLUTION NO: 2006-47 MOTION BY: Lundquist SECONDED BY: Peterson RESOLUTION AUTHORIZING 2006 FUND TRANSFERS WHEREAS, the City Council of the City of Chanhassen, Minnesota, has determined that it is expedient to establish an "Revolving Assessment Fund" and transfer the following amo~nts to create the fund and transfer related amounts for previously identified projects; and WHEREAS, fund 101 (General Fund) and fund 300 (Permanent Revolving Debt Fund) and fund 800 (Historic Preservation Trust Fund) have transferred the amounts as listed below to fund 601 (Revolving Assessment Fund); and WHEREAS, Fund 601 (Revolving Assessment Fund) have transferred the amount listed below for previously committed projects to fund 400 (Capital Replacement Fund); NOW, THEREFORE, BE IT RESOLVED by the City Council ofChanhassen, Minnesota, as follows: 1. Authorization~ Findings. The City Council hereby authorizes the Finance Director to transfer the following amounts as shown. Transfer from: 100 General Fund 300 Permanent Revolving Debt Fund 800 Historic Preservation Trust Fund 601 Revolving Assessment Fund Transfer to: 601 601 601 400 Amount 2,466,497.00 3,200,000.00 469,944.00 490,000.00 Passed and adopted by the Chanhassen City Council this 10th day of July, 2006. A?/~LJJ4 Toad Gerhardt, City Manager Thomas A. Furlong, Mayor YES NO ABSENT Furlong Lundquist Peterson Tjomhom None Labatt