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Councilmember introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #04-10-XXX <br /> <br />RESOLUTION APPROVING THE TRANSFER OF EXCESS GENERAL FUND <br />REVENUES TO THE PARK TRUST FUND. <br /> <br /> WHEREAS, $650,985.94 remained as excess revenues to be transferred from the <br />General Fund for year ended December 31, 2003; and <br /> <br /> WHEREAS, at the April 27, 2004, City Council meeting, Council motioned that <br />10%, or $65,098.59 would be transferred to a Park Trust Fund when created; and <br /> <br /> WHEREAS, the Park Trust Fund was adopted by Ordinance on September_ 13, <br />2004, with an effective date of October 17, 2004. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br />CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />1) That the Ramsey City Council hereby approves the transfer of excess General <br /> Fund Revenues in the amount of $65,098.59 to the Park Trust Fund from the <br /> Equipment Revolving Fund where the funds are temporarily being held. <br /> <br />The motion for adoption of the foregoing resolution was duly seconded by <br />Councilmember, and upon vote being taken thereon, the following voted in favor thereof: <br /> <br />and the following voted against: <br />and the following abstained: <br />and the following were absent: <br /> <br />whereupon said resolution was declared duly passed and adopted by the Ramsey City <br />Council this the 26th day of October, 2004. <br /> <br />ATTEST: <br /> <br />Mayor <br /> <br />City Clerk <br /> <br /> <br />