RES 20-33City of
El**=
Rver
City of Elk River
City Council
Resolution 20- 33
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 $255,14,855 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 $255,147 from the Municipal Liquor fund to
the Park Improvement fund.
Passed and adopted this 15th day of June 2020.
ATTES'
Tina Allard, City Clerk
Jo J. Metz, Ma, or
NA TI