04-0006R

RESOLUTION APPROVING DEDA'S TRANSFER OF FUNDS TO THE CITY OF DULUTH FOR BAYWALK CONSTRUCTION EXPENSES RELATING TO BUILDING N PURSUANT TO DEDA RESOLUTION 03D-76.

BY COUNCILOR JOHNSON:

RESOLVED, that pursuant to the requirements of Resolution No. 99-0239, the Duluth economic development authority's (DEDA) authorization to transfer funds in the amount of $203,800, payable from Fund 0865 to the city of Duluth, pursuant to DEDA Resolution No. 03D-76, approved at DEDA's meeting of December 15, 2003, a copy of which is on file in the office of the city clerk as Public Document No. ____________, is hereby approved.


STATEMENT OF PURPOSE:  Pursuant to the requirements of Resolution 99-0239, the purpose of this resolution is to approve DEDA's transfer of funds to the city for Baywalk construction expenses relating to Building N as set forth in DEDA Resolution No. 03D-76 and its statement of purpose.