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2018-172 Council Resolution
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2018-172 Council Resolution
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3/14/2019 12:40:15 PM
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3/8/2019 1:43:25 PM
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City Council
Council Document Type
Resolutions
Meeting Date
12/10/2018
Council Meeting Type
Regular
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�a <br />CITY OF LINO LAKES <br />RESOLUTION NO. 18-172 <br />RESOLUTION APPROVING TRANSFERS FOR FINAL INSTALLMENT PAYMENT <br />ON INTERFUND LOAN FOR RECREATION COMPLEX LAND <br />WHEREAS, in 1999 the City purchased land for the purpose of creating a recreation complex, <br />and <br />WHEREAS, a temporary interfund loan was made from the Area and Unit Fund (406) to the <br />Dedicated Parks Fund (405) for the purchase of said land, and <br />WHEREAS, the City Council approved Resolution No. 06-212 providing for a plan to repay the <br />interfund loan from the General Fund and Dedicated Parks Fund. <br />NOW, THEREFORE BE IT RESOLVED by The City Council of The City of Lino Lakes, <br />that the following transfers are approved to pay the final installment on the Recreation Complex <br />Interfund Loan: <br />From To Amount <br />General Fund Dedicated Parks Fund $50,000.00 <br />Dedicated Parks Fund Area and Unit Fund $103,371.41 <br />Adopted by the Council of the City of Lino Lakes this 101h day of December, 2018. <br />The motion for the adoption of the foregoing resolution was introduced by Council Member <br />M-:ier and was duly seconded by Council Member Rafferty and upon <br />vote being taken thereon, the following voted in favor thereof: <br />Maher, Rafferty, Manthey, Stoesz, Reinert <br />The following voted against same: <br />none <br />ATTEST: <br />Zl e Bartell, CAty Cler <br />
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