HomeMy Public PortalAbout2019-27 Resolution Authorizing Capital Project Fund Deer Hill Preserve Improvement Balance Transfer and Closinge
Member Pederson introduced the following resolution and moved its adoption:
CITY OF MEDINA
RESOLUTION NO.2019-27
RESOLUTION AUTHORIZING CAPITAL PROJECT FUND
DEER HILL PRESERVE IMPROVEMENT BALANCE
TRANSFER AND CLOSING
WHEREAS, the City of Medina has paid the final pay voucher on the Deer Hill Preserve
Improvement; and
WHEREAS, the City of Medina desires to transfer any remaining balance after payment to
the Road Improvement Fund;
NOW, THEREFORE, BE IT RESOLVED by the city council of the city of Medina, that the City
of Medina hereby agrees to the following adjustments to the City's Funds by authorizing the
transfer of $350,347.87 from the Deer Hill Preserve Improvement fund to the Road Improvement
Fund.
BE IT HEREBY FURTHER RESOLVED, that this resolution shall authorize the closure of
said fund upon completion of the indicated transaction.
Dated: May 7, 2019.
Kathleen Martin, Mayor
ATTEST:
Jodi M. Gallup, City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member Albers
and upon vote being taken thereon, the following voted in favor thereof
Albers, Anderson, DesLauriers, Martin, Pederson
And the following voted against same:
None
Whereupon said resolution was declared duly passed and adopted.
Resolution No. 2019-27
May 7, 2019