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CITY OF LAKEVILLE
RESOLUTION
Au ust 5, 1991 91-101
Date g Resolution No.
Motion by sindt Seconded by Mulvihill
RESOLUTION AUTHORIZING INTERFUND TRANSFERS
~iEREAB the City Council, on December 17, 1990, approved
Resolution 90-166 authorizing redemption of General Obligation
Improvement bonds of 1980 series "C"; and,
WIiEREAB the General Obligation Improvement Bond Fund of
1980 series "C" has approximately $5,290 of delinquent special
assessment receivables, $374,082 of deferred special assessment
receivables, $110,724 of other special assessment receivables, and
$36,617 of cash; and,
~iEREAB the City Council wishes to utilize a portion of
the unencumbered balances from the General Obligation Improvement
bonds of 1980 series "C" to assist with the expansion and remodeling
of Fire Station #2, and the overlay of 210th Street.
NON, THEREFORE BE IT RESOLVED, that the Lakeville City
• Council authorizes the following:
1. The sale of all delinquent and deferred special
assessment receivables from the Debt Service Funds for
the General Obligation Improvement Bonds of 1980 series
"C" to the Utility Trunk Fund for approximately
$490,100.
2. Transfer $95,000 from the General Obligation
Improvement Bonds of 1980 series "C" to the Building
Fund.
3. Transfer $133,000 from the General Obligation
Improvement Bonds of 1980 series "C" to the Public
Works Reserve Fund.
APPROVED AND ADOPTED by the City Council of the City of
Lakeville, Minnesota, this 5th day of August, 1991.
CITY O EVILLE
BY•
Du ne Zaun, a or
-TEST: ,
Charlene Frieclges, ~ ty Clerk