HomeMy WebLinkAboutResolution 2018-29 Authorizing Interfund TransferCity of Corcoran
County of Hennepin
State of Minnesota
RESOLUTION NO. 2018 -29
Motion By: Dejewski
Seconded By: LaFave
AUTHORIZING AN INTERFUND TRANSFER
May 10, 2018
WHEREAS, the City of Corcoran is in the process of issuing bonds for the purchase of property
located at 20400 County Road 50; and
WHEREAS, the City has approved a finance plan to pay for the purchase with tax abatement
bonds and Park Dedication funds; and;
WHEREAS, the City has authorized a contribution from the Park Dedication fund in the amount
of $250,000;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF
CORCORAN, MINNESOTA, that the described interfund transfers are authorized.
Fund Description
Account
Transfer Amount
ROCKFORD SCHOOL LAND PURCHASE
G 423 -10100
2501000.00
PARK CAPITAL FUND
G 415 -10100
(250,000.00)
PARK CAPITAL FUND OPERATING TRANSFER
E 415 - 45200 -720
2507000.00
ROCKFORD SCHOOL LAND PURCHASE TRANSFERS
FROM OTHER FUND
R 423 - 45200 -39200
(250,000.00)
TOTAL
0.00
VOTING AYE
® Thomas, Ron
F-1 Bottema, Jonathan
® Dejewski, Brian
❑ Keefe, Mike
® LaFave, Tonya
VOTING NAY
U Thomas, Ron
[:] Bottema, Jonathan
❑ Dejewski, Brian
F-1 Keefe, M i ke
[:] LaFave, Tonya
Whereupon, said Resolution is hereby declared adopted on this 10th day of May 2018.
ATTEST:
Brad Martens- City Administrator
Ron Thomas -Mayor
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City Seal