HomeMy WebLinkAboutCity Council Resolution 1981-669CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of
the City Council of the City of Plymouth, Minnesota was held on We
` 28th day of September , 19 81. The following members were
present:Actina Mavor Neils. Councilmembers Hoyt. Schneider and Threinen
The following members were absent: _ mayor Davenport
introduced the following Resolution and
NDVed Its adoption:
RESOLUTION NO. 81 -669
APPROPRIATION OF THE PROCEEDS RECEIVED FROM THE RESTRUCTURING OF THE 1976
REFUNDING ESCROW ACCOUNT
WHEREAS, the City has accepted the proposal to restructure the 1976 Advance
Refunding Escrow Account, and
WHEREAS, the proceeds from the transaction may be used for any purpose the
City Council deems prudent, and
WHEREAS, the City Council has previously indicated its desire to increase the
General Fund operating cash.
NOW, THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF PLYMOUTH
MINNESOTA does hereby appropriate the proceeds in the amount of $379,893.69
10 to the General Fund, account number 101-000-558.00-000-000.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Schneider , and upon vote being taken thereon, the
following vo n avor thereof., Acting Mayor Neils. Councilmembers HnXt
Schneider and Threinen
following vo against or abstained; non
Whereupon the Resolution was declared duly pa%sed and adopt4d,