HomeMy WebLinkAbout87-174 R
. CITY OF LAKEVILLE
kESOLUTION
DATE December 21, 1987 RESOLUTION N0. 87-174
MOTION BY Harvey SECONDED BY Nelson
RESOLUTION AUTHORIZING A TEMPORARY
TRANSFERE OF FUNDS FROM THE UTILITY FUND
TO THE CAPITAL IMPROVEMENT. FUND
BE IT HEREBY RELOVED BY THE city council of the City of Lakeville,
Minnesota:
1} Resolution 86-38 is hereby repealed.
2} A transfer of $$8,000 is hereby authorizede from the Utility Fund to
the Capital Improvement Fund.
3} The Capital Improvements fund is to transfer the following amounts to
the Utility Fund as shown:
• YEAR
e
PAYABLE PRINCIPAL INTEREST TOTAL BALANCE
1988 4,500 11,250 15,750 85,500
1989 4,500 8,550 13,050 81.,000
1990 4,500 8,100 12,600 76,500
1991 4,500 7,650 12,150. 72,000
1992 4,500 7,200 11,700 67,500
1993 4,500 6,750 11,250 63,000
1994 4,500 6,300 10,800 58,500
1995 4,500 5,850 10,350 54,000
1996 4,500 5,400 9,900 49,500
1997 4,500 4,950 9,450 45,000
1998 4,500 4,500 9,000 40,500
1999 4,500 4,050 8,550 36,000
2000 4,500 3,600 8,100 31,500
2001 4,500 3,150 7,650 27,000
2002 4,500 2,700 7,200 22,500
2003 4,500 2,250 6,750 18,000
2004 4,500 1,800 6,300 13,500
2005 4,500 1,350 5,850 9,000
2006 4,500 900 5,400 4,500
2007 4,500 450 4,950 0
• __T90,000 =__96,750 _^186,750
APPROVED AND ADOPTED .THIS 21st day of December, 1987
F
CITY OF LAKEVILLE
BY: _.L.~_ -
Duane Zaun, M o
ATTEST:
atrick E. McGarvey, City erk
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