#109 12-05-77 Authorize Closing Sinking FundsResolution # 109
December 5, 1977
Member Swartz introduced the following written resolution and moved its adoption:
RESOLUTION
(Authorizing Closing of Sinking Funds)
WHEREAS, the City of Golden Valley has two Sinking funds, known
respectively as Trunk Sewer No. 1 Sinking fund and the series of August 1, 1956
Sinking Fund, which funds were created for the payment of bonds sold to finance
certain special assessment projects and the interest thereon; and
WHEREAS, all bonds payable from City Sinking funds have been paid;
and,
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of
Golden Valley does direct that these Sinking Funds be�o ed and the remaining
assets and liabilities contained therein be transferred o the Public Works
Reserve Fund. /
i
ROBER
ATTEST:
JOHN MURPHYY CITY CLERK
. HOOVER, MAYOR
The motion for the adoption of the foregoing resolution was seconded
by Member Thorsen and upon vote being taken thereon, the following voted in favor
thereof: Anderson, Swartz and Thorsen and the following voted against the same:
none, whereupon said resolution was declared duly passed and adopted, signed by
the Mayor and his signature attested by the City Clerk.
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