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Council member Elliott <br />introduced the <br />following resolution and move its adoption: <br />CITY OF LINO LAKES <br />RESOLUTION NO. 95 - 16 <br />RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS <br />FROM THE INTERIM ASSESSMENT FUND TO THE CLOSED BOND FUND <br />WHEREAS, all pending assessments have been certified, and <br />WHEREAS, there remains a balance from interest earnings, and <br />WHEREAS, this balance should be transferred on an annual basis. <br />NOW THEREFORE BE IT RESOLVED, that the following transfer be <br />authorized effective December 31, 1994. <br />Increase Decrease <br />Closed Bond Fund (301) $13,235 <br />Interim Assessment Fund (802) ($13,235) <br />Adopted by the City Council of Lino Lakes this 23rd .day of January, <br />1995. <br />Vernon F. Reinert - Mayor <br />/- <br />/ 7/7 v / -/ <br />Marilyn"G. Anderson, Clerk Treasurer <br />The motion for the adoption of the foregoing resolution was duly <br />seconded by Bergeson and upon vote being taken <br />thereon, the following voted in favor thereof: Bergeson, Elliott, <br />Kuether, Neal, Reinert. <br />The following voted against same: none. <br />Whereupon said resolution was declared duly passed and adopted: <br />