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Councilmember Pearson introduced the following resolution and moved for its adoption: <br /> RESOLUTION #03-06-151 <br /> <br />RESOLUTION AUTHORIZING A GENERAL RESOLUTION FOR TIF INTER-FUND <br />LOANS, OR ADVANCES <br /> <br /> WHEREAS, the 2004 tax bill allows Cities to pass one general resolution authorizing <br />inter-fund loans or advances; and <br /> <br /> WHEREAS, each loan or advance will still require a separate written agreement stating <br />terms; and <br /> <br /> WHEREAS, no inter-fund loan or advance is authorized until final approval by City <br />Council; and <br /> <br /> WHEREAS, interest rates on any loans or advances will be a fixed rate set at the time <br />the loan or advancement is made. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />1) That the City Council hereby directs the Finance Officer to record a General Resolution <br /> for the TIF Inter-fund loans or advances. <br /> <br />The motion for adoption of the foregoing resolution was duly seconded by Councilmember <br />Strommen, and upon vote being taken thereon, the following voted in favor thereof: <br /> <br /> Mayor Gamec <br /> Councilmember Pearson <br /> Councilmember Strommen <br /> Councilmember Cook <br /> Councilmember Kurak <br /> Cotmcilmember Zimmerman <br /> <br />and the following voted against: <br /> <br /> None <br /> <br />and the following abstained: <br /> <br /> None <br /> <br />and the following were absent: <br /> <br /> Councilmember Elvig <br /> <br /> <br />