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Councilman Cox introduced the following resolution and moved for its <br />adoption: <br /> <br />RESOLUTION #80-164 <br /> <br />RESOLUTION TO TRANSFER CERTAIN FUNDS <br /> <br /> W~REAS, the City Council, City of Ramsey, Anoka County, <br />State of Minnesota, established a Bond Administrative Trust Fund #803 which <br />is to cover costs to administer City bond funds. <br /> <br /> WHEREAS, General Obligation Bond Fund 1980 (875M) #412 owes <br />the Bond Administration Trust Fund #803 $22,995.13 which is for the follow- <br />ing construction project funds on a ratio basis: <br /> <br />80-1 $3,863.08 <br />80-2 823,02 <br />80-3 1,144.86 <br />80-4 909.70 <br />80-6 3,290.85 <br />80-8 992.92 <br />80-9 1,090.26 <br />80-10 1,575.55 <br />80-11 3,007.94 <br />80-12 3,118.66 <br />80-14 2,178.29 <br /> <br />TOTAL $22,995.13 <br /> <br />NOW TIIEREFORE, BE IT RESOLVED BY THE CITY COUNCIL, CITY OF RAMSEY, ANOKA <br />COUNTY, STATE OF MINNESOTA, as follows: <br /> <br /> 1) It is hereby directed that the General Obligation Bond <br />Fund 1980 (875M) #412 Transfer $22,995.13 to the Bond Administrative Trust <br />Fund #803 which is to be used in covering the City's cost in administering <br />during the life of the above said bond issue. <br /> <br /> 2) It is further directed that the Accounting Department be <br />furnished a copy of this resolution. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded <br />by Cotuncilman Sorteberg and upon vote being taken thereon, the following <br />voted in favor thereof: <br /> <br />Mayor Gamec, Councilmen Sorteberg, Reimann and Cox <br /> <br />and the following voted against the same: <br /> <br />None <br /> <br />whereupon said resolution was declared duly passed and adopted by the Ramsey <br />City Council this the 16~h day of December, 1980. <br /> <br />' C'ty- dmi i~ ra ~ / k ~ ~ <br /> <br /> <br />