RES 15-28 City of
River
Resolution 0 5-7m
A Resolution of the City of Elk River Authorizing a Transfer from the
Municipal Liquor Fund to the Park Improvement Fund
WHEREAS, The City Council approved establishing the Park Improvement Fund on June
2, 2008,and, revised on November 19,2012, and,
WHEREAS, The City Council has reviewed the request and determined it to be a sound
financial practice; and,
WHEREAS, It has been determined that$290,668 should be transferred out of the
Municipal Liquor Fund to provide funding for the Park Improvement Fund;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk
River, Minnesota, as follows: that the City Council of the City of Elk River makes the
following transfer of funds from the Municipal Liquor Fund:
Park Improvement Fund $290,668
Passed and adopted this 15ffi day of June 2015.
An J. ietz yor
ATTEST:
Tina Allard,City Clerk
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