City will use 2012 surplus to pay off community center debt
The city of Rosemount will use excess money from its 2012 budget to pay off the city's debt related to the Community Center/ National Guard Armory. The council voted Tuesday to use the excess funds for the debt and for future building capital improvement projects.
Finance director Jeff May said the city's 2012 fund balance excess was calculated at $455,361. The council designated $430,000 towards repayment of the community center and $25,000 towards future projects.