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Council Member introduced the following resolution <br />and moved its adoption: <br />CITY OF LINO LAKES <br />RESOLUTION NO. 95-172 <br />RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS FROM <br />TAX INCREMENT 1-6 FUND TO THE INDUSTRIAL PARK CONSTRUCTION FUND <br />WHEREAS, payment was received for the purchase of land in 1994 for UDOR, and <br />WHEREAS, the amount received was $39,000, and <br />WHEREAS, the payment less costs incurred by the City of $25,076.79 was receipted to <br />the Industrial Park Construction Fund, and <br />WHEREAS, the costs incurred%by the City should be paid from Tax Increment 1-6 <br />Fund. <br />NOW THEREFORE BE IT RESOLVED, by the City Council of Lino Lakes that the <br />transfer from the Tax Increment 1-6 Fund to the Industrial Park Construction Fund be <br />approved as follows: <br />Increase Decrease <br />Tax Increment 1-6 (412) ($25,076.79) <br />Industrial Park Const. Fund (451) $25,076.79 <br />Adopted by the City Council of Lino Lakes this 11th day of December, 1995. <br />Vemon F. Reinert - Mayor <br />Marilyn G. Anderson - Clerk Treasurer <br />The motion for the adoption of the foregoing resolution was duly seconded by <br />and upon vote being taken thereon, the following voted in favor thereof: <br />The following voted against same: <br />Where upon said resolution was declared duly passed and adopted. <br />