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RES 24-42City of Elk River ver City Council Resolution 24-42 A Resolution of the City Council of the City of Elk River Authorizing a Transfer from the Liquor Fund to the Park Improvement Fund WHEREAS, The City Council approved the establishing of the Park Improvement Funding Policy on June 2, 2008 and revised the policy on June 21, 2021. WHEREAS, The City Council has reviewed the request and determined it to be a sound financial practice. WHEREAS, It has been determined that $250,000 should be transferred out of the 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 $250,000 from the Liquor fund to the Park Improvement fund. Passed and adopted this 5th day of August 2024. ATTEST:, Tina Allard, City Clerk V PI1II[I I NATURE