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CITY OF GEM LAXE. <br />RESOLUTION NO.2006-04 <br />17 January 20Q6 <br />A RESOLUTION AUTHORIZING 'FINAL PAYMENT TO' BELAIR <br />EXCAVATING FOR PUBLIC IMPROVEMENT PROJECT NO: 2004-01 <br />AND THE TRANSFER OF FUNDS FROM THE GEM LAKE SEWER <br />INVCSTMENT ACCOUNT TO SUPPORT PROJECT COMPLETION. <br />WH E'RENS, bef Air Excavating flits d6mpl6ted:the work. for which it contracted with the City of Clem Lake to (fie <br />"Zitisfaction of SEH, I nc.. as deinonstratt;d.in the 29 Noveniber 2006 letter from Dave Mitchell to the City acting As Gem <br />lake"`: City and Project Engineers; and <br />WFIEREAS, the balance required tozQmplete paytnents*for the project is S27,217,14 which agrees with accounting. <br />previously approved .with the assessment for this project;. and <br />W11 FREAS, capital required to complete.paynients for the project has primarily been field in thc.Csipital 1'r`ojeets Pond <br />cstab lishc d forthe project which has a. current fialanee of$7,787.42; and <br />IVI•lf It EA& it is the recommendatiomofthe City Administrmor.that the Capital Projects Fund be keptdon witli-funds <br />not to eneed $600.00 for an additional. period of sixty (60) days to provide a vehicle to pay previously approved or- <br />tinittrticili�tted expenses, how, therefore. be if <br />RFS(.)..LVLD..thattlie City Council.ol'the City of Gan Lake does hereby authorize the transfer.of nineteen -thousand <br />burr-hundr d twenty-nine and 72/100ths ($19,429.72) dollars fi`oni the Sewer Investment Fund to the Capital l't•oiccts <br />hiaid: and, be it. <br />FLMTHER. RESOLVED that the City Council of the City of Gein Lakedoes hereby authorize final payment in the <br />amount of t%vegy-seven thousand two -hundred seventeen and .fourrteen.one-hundredths ($?7 t7:14); dollars; and, be it <br />FLIkn4F.R-RESOLVED that-fhe City Council oftfie.City of Gem Lakedoes hereby order the Capital i'rcjectsf nid <br />closed on or before the last day -of March-2006 for a. period not less that) two (2•): bank statement periods;.and. be it <br />FURTHER RESOLVED that the CityCpun�il.of.the City ofGem Lake does hereby order the Capital-Nojects-Fund <br />re -opened with deposits from investment funds-as-tiecessary to:funher fund Capital Projects ordered fior 2006; arid: be <br />it <br />F 1 ItTH C lt. RESOLVED that the City .Council of the City,ofGem Lake does hereby order al l future. administrative and <br />oilk.ellancdus operating expenses for Public Improvement Project No. 2004.01 to be paid. from the Sewer.Fund. <br />T'Ite. l'bre(oing Resolutions was offered by Couneilbt Watson and was supported by Councilor Bosah acid %vas. <br />o4oprerl based .upon tale: following, vote. <br />NAME i EiMEOTT j WATSOk <br />VOTE <br />ATTr•,ST <br />il$lVI'USSEIV I. SCHILLING B:OSAK <br />I. I rccleric C. Me-Irmison, tlii duly qualified City Clerk of tile: City of Gem Lake, County of Ramsey. State of <br />1•linncsota. do hereby ce.rtifythat the foregoing Resolution is a trtie.and accurate representation of action taken by the <br />ca" C'ounciI of`titc. City of Gem. Lake on the date.first ti}ritteit. <br />if. ZllG4J?. <br />I'VedeHe C. Magnuson, City Clerk <br />Date <br />Certif ieb Qio'P9 <br />Page 7 of 7 <br />i <br />c-tile: reu+i�tti�irtt?OiiGtit«?Gt)/+1t� <br />