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City of Centerville <br /> Res. #10 -0,6� <br /> A RESOLUTION AUTHORIZING THE FINANCE DIRECTOR TO TRANSFER <br /> FUNDS <br /> WHEREAS, a certain special project debt service fund (Fund # 348) was established to <br /> account for repayment of bonds which financed drainage system improvements, and <br /> WHEREAS, the improvement financing plan required certain transfers from the <br /> Stormwater Utility Fund (Fund # 415) to pay debt service over several years, and <br /> WHEREAS, the transfers from the Stormwater Utility Fund have been previously routed <br /> through the General Fund rather than passing directly to the debt service fund and <br /> WHEREAS, staff has recommended that the transfers be made directly to the debt <br /> service fund. <br /> NOW, THERFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br /> OF CENTERVILLE, MINNESOTA: <br /> The Finance Director shall complete the following cash transfers from the Stormwater <br /> Utility Fund (Fund # 415) to the 2009B G.O Improvement Refunding Bond Fund (Fund # <br /> 348) during the calendar year indicated. <br /> 2010 $99,500 <br /> 2011 $99,500 <br /> Adopted by the City Council this ay of June, 2010. <br /> �- <br /> <br /> Mary Capy MayoY <br /> Attest: ' <br /> Teresa Bender, Clerk <br />