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RES 19-20City of Elk River Ver City Council Resolution 19- 20 A Resolution of the City Council 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. WHEREAS, The City Council has reviewed the request and determined it to be a sound financial practice. WHEREAS, It has been determined that $214,855 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: The transfer of $214,855 from the Municipal Liquor fund to the Park Improvement fund. Passed and adopted this 17th day of June 2019. ATTEST: Tina Allard, City Clerk r Jol i . Dick, Mayc P 0 r E BE O B I NA RRUP