RESO 25-101 - Approving Early Payoff of Interfund LoanRESOLUTION NO. 25-101
RESOLUTION AUTHORIZING THE EARLY PAYOFF OF AN INTERNFUND LOAN
BETWEEN THE BROOKVIEW GOLF COURSE AND THE UTITLITY FUNDS
WHEREAS, on December 20, 2022 the Golden Valley City Council adopted
Resolution No. 22-121 which authorized a 20-year interfund loan between the Brookview
Golf Course fund (7150) and the Water and Sewer Utility Fund (7120) as well as the Storm
Utility Fund (7300); and
WHEREAS, the interfund loan was necessary at the time to pay for a project to
replace the irrigation system at the Brookview Golf Course; and
WHEREAS, the Brookview Golf Course now has sufficient cash on hand to pay back
the loan early.
NOW, THEREFORE, BE IT RESOLVED, BY THE CITY COUNCIL OF THE CITY OF
GOLDEN VALLEY, MINNESOTA that this Council hereby approves the early payoff of an
interfund loan between the Brookview Golf Course and the Utility Funds.
Adopted by the City Council of Golden Valley, Minnesota this 21st day of October 2025.
Roslyn Harmon, Mayor
ATTEST:
Theresa J. Schyma, City Clerk
Docusign Envelope ID: AD80F391-6C5B-4714-81DD-EF960A1EAF0C