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Council Member (mil ltAr introduced the following resolution and moved its adoption: <br />CITY OF LINO LAKES <br />RESOLUTION NO. 11 -119 <br />RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS FROM THE AREA AND <br />UNIT FUND TO THE 2003A G.O. IMPROVEMENT BOND DEBT SERVICE FUND <br />WHEREAS, a portion of the 2003A bond issue refunded the original 1996A bond issue, <br />and <br />WHEREAS, the refunded portion of this bond issue was originally sold to finance 1996 <br />Construction Projects, and <br />WHEREAS, resources of the Area and Unit Fund were pledged toward the retirement of <br />the 1996A bond issue. <br />NOW THEREFORE BE IT RESOLVED, that the following transfer be adopted: <br />Increase Decrease <br />• Imp. & Refunding Bonds 2003A (324) $82,638.00 <br />Area and Unit Fund (406) <br />• <br />$82,638.00 <br />The motion for the adoption of the foregoing resolution was duly seconded by Council <br />Member d 17o1nvte lI and upon vote being taken thereon, the following voted in favor <br />thereof: �> h r^( '� <br />C Y D , vie i t , t w a t �e T ' \otserr tooeA E <br />The following voted against same: <br />Whereupon said resolution was declared duly passed and adopted. <br />Adopted by the City Council of Lino Lakes this 28h day of h. • - •• •er 201 <br />Aim. <br />AV t■g. <br />Julian e Bartell, City Jerk <br />Jeff Rein rt, ayor <br />