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• Council MemberGallup <br />adoption: introduced the following resolution and moved its <br />• <br />CITY OF LINO LAKES <br />RESOLUTION NO. 11 -122 <br />RESOLUTION APPROVING TRANSFERS FOR INSTALLMENT <br />PAYMENT ON INTERFUND LOAN FOR RECREATION COMPLEX LAND <br />WHEREAS, in 1999 the City purchased land for the purpose of creating a <br />recreation complex, and; <br />WHEREAS, a temporary interfund loan was made from the Area and Unit Fund <br />(406) to the Dedicated Parks Fund (405) for the purchase of said land, and; <br />WHEREAS, the City Council to approved Resolution No. 06 -212 providing for a <br />plan to repay the interfund loan. <br />NOW, THEREFORE, BE IT RESOLVED, by the Lino Lakes City Council that the <br />following transfers are approved to pay the 2011 installment on the Recreation <br />Complex Interfund Loan: <br />From To Amount <br />General Fund Dedicated Parks Fund $55,000.00 <br />Dedicated Parks Fund Area and Unit Fund $100,000.00 <br />Adopted by the Lino Lakes City Council this 28th day of November, 2011. <br />The motion for the ado tionn of the foregoing resolution was duly seconded by <br />Council Member' Do ne &nd upon vote being taken thereon, the following <br />voted in favor thereof: <br />Gallup, O'Donnell, Rafferty, Reinert, Roeser <br />The following voted against same: <br />none <br />Whereupon said resolution was declared duly passed <br />i- nne Bartell, • ity Clerk <br />Jeff Rein= , n yor <br />