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CITY OF LINO LAKES <br />RESOLUTION NO. 13-138 <br /> <br /> <br />RESOLUTION APPROVING TRANSFERS FOR PARTIAL <br />INSTALLMENT PAYMENT ON INTERFUND LOAN FOR RECREATION <br />COMPLEX LAND <br /> <br />WHEREAS <br />, in 1999 the City purchased land for the purpose of creating a recreation <br />complex, and; <br /> <br />WHEREAS <br />, a temporary interfund loan was made from the Area and Unit Fund (406) to <br />the Dedicated Parks Fund (405) for the purchase of said land, and; <br /> <br />WHEREAS <br />, the City Council to approved Resolution No. 06-212 providing for a plan to <br />repay the interfund loan from the General Fund and Dedicated Parks Fund, and, <br /> <br />WHEREAS <br />, the Dedicated Parks fund balance was depleted in 2012, and, <br /> <br />WHEREAS <br />, the City Council wishes to continue to pay the General Fund portion of the <br />payment plan. <br /> <br />NOW, THEREFORE, BE IT RESOLVED <br />, by the Lino Lakes City Council that the <br />following transfers are approved to pay the General Fund portion of the 2013 installment <br />on the Recreation Complex Interfund Loan: <br /> <br />From To Amount <br />General Fund Dedicated Parks Fund $50,000.00 <br />Dedicated Parks Fund Area and Unit Fund $50,000.00 <br /> <br />Adopted by the Council of the City of Lino Lakes this 9th day of December, 2011. <br /> <br />The motion for the adoption of the foregoing resolution was introduced by Council <br />Member <br />_____________and was duly seconded by Council Member _____ and upon <br />vote being taken thereon, the following voted in favor thereof: <br /> <br />The following voted against same: <br /> <br /> ____________________________ <br /> Jeff Reinert, Mayor <br />ATTEST: <br /> <br /> <br />____________________________________ <br />Julianne Bartell, City Clerk <br /> <br /> <br />