Champlin City Council Agenda 2026-05-26
Council Considers $1.2M Transfer to Ice Forum Fund
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Description
Champlin City Council is asked to authorize transferring $1,200,000 of excess 2025 General Fund reserves to the Ice Forum Fund to support parking lot reconstruction and resurfacer room repairs instead of issuing internal debt.
Contract Details
Contract Amount
$1,200,000
Vendor
ICE FORUM FUND (INTERNAL TRANSFER TO ICE FORUM FUND)
Agency
City of Champlin, MN
Contract Type
OTHER
Document Date
May 26, 2026
Contract Term
8 years (internal borrowing alternative avoided)
Renewal Date
2034-12-31
Renewal Info
One-time internal transfer designed to avoid an 8-year internal borrowing at 3% for Ice Forum capital projects.
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