Resolution - #80-147b - 10/28/1980

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Councilman Mickelson introduced the following resolution and moved for its adoption: RESOLUTION #80- 147b RESOLUTION FOR TRANSFER OF FUNDS WHEREAS, the $18,126 deficit reflects the City's share in the construction of Variolite Street (Construction Project #79-2); and WHEREAS Council Resolution #80-73 dated July 22, 1980, which adopted 1980 Mid Year Budget Adjustment increased the General Fund expendi- ture for 'the purpose of alleviating this deficit; and WHEREAS, the Council Resolution #79-83 dated October 29, 1980 did provide for the following transfers: a) Transfer of $745 from Park Improvement Fund #802 to to Park and Recreation Fund #221. b) Transfer $17,010 from General Fund #101 Equipment Revolving Fund #605. c) Transfer of $2,660 from Bond Administrative to General Fund #101. WHEREAS, the Ramsey Council authorizes the expenditure of $13,300 for a hockey arena and Traprock Horse Arena. NOW TNEREFORE, BE IT RESOLVED BY THE CITY COUNCIL, CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1) Hereby direct that $18,126 be transferred from the General Fund #101 to State Aid Construction Fund #304 (Construction Project #79-2). 2) Hereby direct that the following transfers of fund be initiated: a) Transfer $745 from General Fund #101 to Park and Recreation Fund #221. b) Transfer ~7,010 from General Fund #101 to Equipment Revolving Fund #605. c) Transfer $2,660 from Bond Administration Fund #803 to General Fund #101. 3) Hereby direct that $13,300 from Park Improvement Fund #802 to Park and Recreation Fund #221. Further that all money not spent on capital improvement items as indicated above will be transferred back to the Park Improvement Fund #221.