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Res. #20-013 - Transfer of EDA Funds Out of General Fund
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Res. #20-013 - Transfer of EDA Funds Out of General Fund
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5/31/2020 7:30:03 AM
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4/25/2020 6:14:54 AM
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f�l � <br />me`D I <br />Resolution 20- 1 <br />/1:7D1.10R111Y�17a1MI�� T. ; I ► 1 31 ►II / ►1 : _ ► 1, <br />IRDMI iI J 1 1111 ITYAM211ii i! # !, i I # <br />WHEREAS, The City of Centerville has established an Economic Development Authority (EDA); and <br />WHEREAS, Minnesota Statute 469.096 requires that EDA funds be accounted for separately from general city <br />operations; and <br />the City desires to allow the EDA to have its own operations over a multi -year timeframe; <br />NOW TBEREFORE, BE IT RESOLVED by the City Council of the City of Centerville that: <br />I. The City Council authorizes the Finance Director to transfer $10,000 from the EDA general <br />fund allocations from both 2019 and 2020 fiscal years to a separate fund. <br />Passed and Adopted by the City of Centerville this 22nd day of April, 2020. <br />°�.. . <br />City Clr lq,: "11"ex-esa Bender <br />
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