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CITY OF LINO LAKES <br /> RESOLUTION NO. 73 - 87 <br /> RESOLUTION AUTHORIZING THE CITY CLERK TO TRANSFER FUNDS INTO <br /> THE LAWCON FUND TO PERMANENTLY CLOSE THE FUND. <br /> WHEREAS, There exists a deficit balance in the LAWCON Fund <br /> in the amount of 44, 160. 58, and <br /> WHEREAS, Country Lakes Park has been completed and no <br /> further Federal or State Funds will be received <br /> and no further expenditure is expected, and <br /> WHEREAS, The City did levy a one time levy of $30, 000 in <br /> 1981 and collected in 1982 as part of the City <br /> matching funding, and <br /> WHEREAS, The City did determine that the balance of the <br /> funding of Country Lakes Park would come from the <br /> Dedicated Park Fund, and <br /> NOW THEREFORE BE IT RESOLVED, <br /> That the Lino Lakes City Clerk be authorized to <br /> transfer from the General Fund the unused portion <br /> of the $30,000 levy in the amount of $14, 112. 74 <br /> to the LAWCON Fund. <br /> That the Lino Lakes City Clerk be authorized to <br /> transfer from the Dedicated Park Fund $30 047. 84 <br /> to the LAWCON Fund to fund the remaining Aeficit <br /> balance in the LAWCON FUND. <br /> That the Lino Lakes City Clerk be authorized to <br /> close the LAWCON Fund permanently. <br /> Passed by the City Council this 28th day of December, 1987. <br /> Benjamin G. Benson, Mayor <br /> ku" <br /> Mar lyn G. Anderson, Clerk-Treasurer <br />