10-18 - 03-16 - transfer from general fund to street debt service fund
Resolution 10-18
March 16,2010
Member Pentel introduced the following resolution and moved its adoption:
RESOLUTION AUTHORIZING THE TRANSFER OF $500,000 FROM THE
GENERAL FUND TO THE STREET DEBT SERVICE FUND ($500,000)
WHEREAS, the transfer of $500,000 to the Street Debt Service Fund would finance
future debt service payments as outlined in the City's Capital Improvement Program.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Golden
Valley to authorize the transfer of $500,000 from the General Fund to the Street Debt
Service Fund ($500,000).
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Linda R. Loomis, Mayor
ATTEST:
The motion for the adoption of the foregoing resolution was seconded by Member Scanlon
and upon a vote being taken thereon, the following voted in favor thereof: Freiberg,
Loomis, Pentel, Scanlon and Shaffer; and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted, signed by the Mayor
and her signature attested by the City Clerk.