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Councilmember Beyer introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #92.06- 126 <br /> <br />RESOLUTION AUTHORIZING TRANSFER FROM THE CITY OF RAMSEY <br />TIPPING FEE FUND TO THE EQUIPMENT REPLACEMENT FUND <br /> <br /> WHEREAS, at the Budget Committee meeting of May 26, 1992, the Committee <br />reviewed the landfill tipping fee revenue received to date in 1992; and <br /> <br /> WHEREAS, Minnesota State Statutes Section 115A.921 of the Solid Waste Management <br />Act restricts $.25/cubic yard of the Tipping Fee Fund to expenditures for the purpose of mitigating <br />and compensating for local risks, cost and other adverse effects of landfill activities, and the <br />remaining tipping fee is available for any general purpose as authorized by the City Council; and <br /> <br /> WHEREAS, landfill activity for the months of January through April of 1992 has <br />resulted in tipping fee revenue to the City of Ramsey in the amount of $94,932, with $70,794 <br />available for any general purpose; and <br /> <br /> WHEREAS, Staff recommended that 1992 and 1993 tipping fee revenues available for <br />any general purpose be transferred to the City's Equipment Revolving Fund which has an <br />unfunded balance of approximately $195,924 as of December 31, 1991; and <br /> <br /> WHEREAS, the Budget Committee concurred with this recommendation and directed the <br />Finance Officer to prepare this resolution for Council approval. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />1) <br /> <br />That the Ramsey City Council hereby authorizes the operating transfer of funds for landfill <br />tipping fee revenue available for any general purpose from the Landfill Tipping Fund to the <br />Equipment Replacement Fund. <br /> <br />2) <br /> <br />That the Ramsey City Council hereby directs these transfers to occur at the end of each <br />month following receipt of such funds and continue until such time as the Equipment <br />Replacement Fund is fully funded for 12/31/91 requirements. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Peterson and upon vote being taken thereon, the following voted in favor thereof: <br /> <br />Mayor Gilbertson <br />Councilmember Beyer <br />Councilmember Peterson <br />Councilmember Hardin <br />Councilmember Zimmerman <br /> <br />and the following voted against the same: <br /> <br />None <br /> <br />and the following abstained: <br /> <br />None <br /> <br /> <br />