HomeMy WebLinkAbout1998-168RESOLUTION N0.98-168
CLOSING THE LILY LAKE ENTERPRISE FUND
WHEREAS, the City of Stillwater has established on the books the Lily Lake Enterprise Fund, and
WHEREAS, the Lily Lake fund includes the Lily Lake Ice Arena, ballfield and beach, and
WHEREAS, the Lily Lake Ice Arena management and operations will henceforth be accounted for in
the St. Croix Valley Sports Complex fund, and
WHEREAS, the beach and ballfield don't qualify for classification of an enterprise fund, and
WHEREAS, the city will continue to operate the Lily Lake beach and ballfield as part of the Parks
Department operation.
NOW, THEREFORE, be it resolved by the City Council of the City of Stillwater that the Lily Lake
fund be closed as of December 31, 1998 with the beach and ballfield operations transferred to within the
Park fund.
Adopted by council this 7~' day of July, 1998.
Attest:
City Clerk