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Council member Kuether introduced the following <br />resolution and move its adoption: <br />CITY OF LINO LAKES <br />RESOLUTION NO. 95-170 <br />RESOLUTION TRANSFERRING FUNDS FROM THE WATER <br />ENTERPRISE FUND TO THE AREA AND UNIT FUND <br />WHEREAS, the rate increase adopted by the City of Lino Lakes in June, 1988 and July <br />1994 anticipated a transfer of funds from the Water Enterprise Fund to the Area and Unit <br />Fund, and <br />WHEREAS, the 1990 and 1992 bond sales projected revenue from a combination of <br />connection fees, trunk area assessments and services, and <br />WHEREAS, the Finance Director has determined that the amount from the Water <br />Enterprise Fund to the Area and Unit Fund for the year 1995 is $179,250. <br />NOW THEREFORE BE IT RESOLVED, that the following transfer be authorized. <br />Increase Decrease <br />Area and Unit (406) $179,250 <br />Water Enterprise (601) ($179,250) <br />Adopted by the City Council of Lino Lakes this 1 l th day of December <br />4914 <br />Marilyn <br />Anderson, Clerk Treasurer <br />Vernon F. Reinert - Mayor <br />The motion for the adoption of the foregoing resolution was duly seconded by Elliott <br />and upon vote being taken thereon, the following voted in favor thereof: Bergeson, <br />Elliott, Kuether, Neal, Reinert. <br />The following voted against same: None. <br />Where upon said resolution was declared duly passed and adopted: <br />