Resolution 4050 - Close Out 1st Alley West Fund to TIF Fund376
RESOLUTION NO. 4050
A RESOLUTION AUTHORIZING THE FINANCE DIRECTOR TO CLOSE OUT THE
1ST ALLEY WEST CONSTRUCTION FUND TO THE TAX INCREMENT FUND.
WHEREAS, the City has in its 1st Alley West Construction
Fund a balance of $8,546.77, and
WHEREAS said Fund is inactive, and
WHEREAS, the City is authorized and required to transfer
equity from one fund to another fund only by resolution or
ordinance, and
WHEREAS, an appropriate fund to transfer said Fund to is the
Tax Increment Fund which was the original source of funds.
NOW, THEREFORE be it resolved by the City Council of the
City of Kalispell as follows:
That the Finance Director is hereby authorized and
directed to close out the 1ST Alley West Construction
fund transferring the balance of $8,546.77 to the
Tax Increment Fund.
PASSED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AND APPROVED
BY THE MAYOR .THIS 2 0th DAY OF April , 1992.
ATTEST:
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, -: : � 2 Finan a Director
DouglVs D. Rauthe, Mayor
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