HomeMy Public PortalAbout2022-24 Resolution Authorizing Closure of Debt Service FundsResolution No. 2022-24
April 5, 2022
Member _Cavanaugh_ introduced the following resolution and moved its adoption:
CITY OF MEDINA
RESOLUTION NO. 2022-24
RESOLUTION AUTHORIZING DEBT SERVICE FUND 2011B
HUNTER NORTH IMP BOND AND 2012B GO REFUNDING
BOND BALANCE TRANSFER AND CLOSING
WHEREAS, the City of Medina has paid in full the terms of 2011B Hunter North Imp
Bond and 2012B GO Refunding Bonds; and
WHEREAS, the City of Medina desires to transfer any remaining balance after payment to
the Road Improvement Fund and TIF I-9 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 $10,990.65 from the 2011B Hunter Drive North Imp Fund to the Road Improvement
Fund and $4,507 from the 2012B GO Refunding Fund to the TIF Fund.
BE IT HEREBY FURTHER RESOLVED, that this resolution shall authorize the closure of
said fund upon completion of the indicated transaction.
Dated: April 5, 2022.
______________________________
Kathleen Martin, Mayor
ATTEST:
_______________________________
Caitlyn Walker, City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member
_DesLauriers_ and upon vote being taken thereon, the following voted in favor thereof:
Albers, Cavanaugh, DesLauriers, Martin, Reid
And the following voted against same:
None
Whereupon said resolution was declared duly passed and adopted.