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5. Right-of-Way Acquisition Loan Fund (RALF) (Fund 9410). <br /> <br /> <br />(a) This fund shall be used to account for resources and expenditures related to the <br />purchase of property for future state road development. <br /> <br /> <br />(b)Funding shall consist of the following sources: <br /> <br />(1) Met Council Grant Funds as outlined in Loan Agreements <br /> <br />(2) Rental Revenue as outlined in Lease Agreements <br /> <br /> <br />(c)Expenditures shall consist of the following uses: <br /> <br />(1)Right-of Way Acquisitions as outlined in the Met Council Loan Agreements <br /> <br />(2)Improvements of Leased Properties <br /> <br /> <br />(d) This fund is not eligible for inter-fund loans. <br /> <br /> Public Improvement Revolving Fund – The COR(Fund 9468) <br />6. <br /> (a) The Public Improvement Revolving Fund-The COR will be used to account <br /> for all costs associated with the development/construction of the COR <br />. <br /> Project area <br /> <br /> (b) Funding shall consist of the following sources: <br /> <br />(1)Land sales within the COR area <br /> <br />(2)Interest earnings on the COR Fund from the distribution of pooled interest <br />earnings. <br /> <br /> (c) Expenditures shall consist of the following uses: <br /> <br />(1)Expenditures to market the COR area <br /> <br />(2)Development/Construction Improvements as authorized by City Council <br /> <br /> (d) This fund is eligible for inter-fund loans <br /> <br />7. Park Improvement Fund (Fund 9805) <br /> <br /> (a) The Park Improvement Fund shall be used to account for all cash and park <br />dedication fees and miscellaneous revenues to be used for future land acquisition <br />and park improvements. <br /> <br /> (b) Funding shall consist of the following sources: <br /> (1) Park Dedication fees as outlined in respective development agreements <br /> (2) Donations <br /> (3) Interest earnings on the Park Improvement Fund from the distribution of <br /> pooled interest earnings. <br /> <br /> (4) Transfers from the General Fund at year-end for excess General Fund <br /> <br /> Revenue as outlined in the Excess/Deficient General Fund Revenue Policy <br /> <br /> (#16-05-089). <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />(c) Expenditures shall consist of the following uses: <br />Page 7 of 11 <br /> <br /> <br />