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Acting Finance Officer Lund explained that, after meeting the fund balance requirements at year <br />end, $813,270.26 remained as excess revenues to be transferred from the General Fund. <br />Normally transfers are made into the Equipment Revolving Fund (10%), Facilities Construction <br />Fund (40%) and Public Improvement Revolving Fund (50%). Staff and the Finance Committee <br />are recommending that the entire amount be transferred from the General Fund to the T.H. #47 <br />project (90%) and the C.R. gl 16 project (10%). <br /> <br />Motion by Councilmember Beyer and seconded by Councilmember Beahen to adopt Resolution <br />#98-04-063 authorizing the transfer of the General Excess Revenues to the State Highway #47 <br />and County Road # 116 projects at the stated percentages. <br /> <br />Motion carded. Voting Yes: Mayor Garnet, Councilmembers Beyer, Beahen and Zimmerman. <br />Voting No: None. Absent: Councilmember Haas Steffen. <br /> <br />Case #14: <br /> <br />Acquisition of Right-of-Way and Associated Drainage Easements for County <br />Road #116 Extension <br /> <br />City Attorney Goodrich explained that, back in September 1997, Council adopted a resolution <br />authorizing acquisition of fight-of-way and associated drainage easements for construction of the <br />C.R. #116 extension. In March, Council amended the resolution. It is necessary to amend the <br />second resolution because of a decision to relocate the road slightly. He presented an <br />amendment for Council to vote on. <br /> <br />Motion by Councilmember Beyer and seconded by Councilmember Zimmerman to adopt <br />Resolution #98-04-064 authorizing acquisition of the right-of-way and related drainage <br />easements necessary for the construction of the extension of County Road # 116. <br /> <br />Motion carried. Voting Yes: Mayor Gamec, Councilmembers Beyer, Zimmerman and Beahen. <br />Voting No: None. Absent: CouncilmemberHaas Steffen. <br /> <br />Case #15: <br /> <br />Adopt Ordinance Authorizing the Sale of Lots 3 and 4, Block 1, AEC Energy <br />Park Third Addition <br /> <br />City Attorney Goodrich explained that this property (Lots 3 and 4, Block I, AEC Energy Park <br />Third Addition) once it is acquired, will be transferred to Sharp and Associates. <br /> <br />Motion by Coun¢ilmember Beyer and seconded by Councilmember Zimmerman to adopt <br />Ordinance #98-06 authorizing the sale of certain City-owned property located in the City of <br />Ramsey. <br /> <br />A roll call vote was performed by the Deputy City Clerk. <br /> <br />Councilmember Beahen <br />Councilmember Zimmerman <br />Councilmember Beyer <br />Mayor Gamec <br /> <br />aye <br />aye <br />aye <br />aye <br /> <br />City Council/April 14, 1998 <br /> Page 15 of 17 <br /> <br /> <br />