83-05 CITY OF CHANHASSEN
HOUSING AND REDEVELOPMENT AUTHORITY
RESOLUTION
DATED: September 15t 1983
RESOLUTION NO.: 83-5
MOTION BY COMMISSIONER: Bohn
SECONDED BY COMMISSIONER: Russell
RESOLUTION AUTHORIZING THE CLOSING OF HRA FUND %604
AND APPROVING A TRANSFER BETWEEN HRA FUNDS.
WHEREAS, the HRA Auditor has prepared the "Tax Increment
Financing Plan" (dated August, 1983) for Tax Increment Dfstrict
%1~ and
WHEREAS, the HRA Board of C_~-missioners has adopted said Plan
upon the recommendation of the HRA Auditor and Executive
Director; and
WHEREAS, implementation of said Financing Plan requires the
authorization of the HRA for the closing of an HRA fund and an
interfund transfer between two other HRA funds.
NOW, THEREFORE, BE IT RESOLVED by the C~missioners of the
Chanhassen Housing and Redevelopment Authority that Fund %604
(Ring Road Construction Fund) shall be closed by the Treasurer
effective immediately and any fund balance shall be transfered to
Fund %306 (Tax Increment Debt Service Fund); and, that a transfer
of approximately $644,619 from the Tax Increment %1 Fund (%460)
to the Tax Increment Debt Service Fund (%306) is hereby authorized
in accordance with the adopted Tax Increment Financing Plan.
Adopted this 15th day of September, 1983.
ATTEST:
Scott A. ~artin, Executive Director
Yes
Horn
Bohn
Russell
Clark Horn, Vice-Chairman
No Absent
None Whitehill
Swenson