2006-213 Council Resolution - Laserfiche WebLink

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• • • Council Member Reinert introduced the following resolution and moved its adoption: CITY OF LINO LAKES RESOLUTION NO. 06 -213 RESOLUTION ADOPTING A GENERAL TIMELINE FOR THE PREPARATION, SUBMISSION AND ADOPTION OF THE FIVE -YEAR FINANCIAL PLAN WHEREAS, the City Council wishes to set out a timeline for the preparation, submission and annual adoption of the five -year plan NOW, THEREFORE, BE IT RESOLVED, by the Lino Lakes City Council that: 1) The draft five -year financial plan shall be developed in tandem with the annual budget, incorporating the goals and objectives of the City Council. Adjustments and refinements shall be made to the draft five -year financial plan during the month following the certification of the preliminary budget, which occurs on September 15. 2) The draft five -year financial plan shall be submitted to the City Council for review at its first work session in November. 3) Following a review of the City Council at such work session and any ensuing work sessions, as necessary, a public hearing will be scheduled in December to receive public comment on the five -year plan. 4) The five -year plan shall be adopted by the City Council following the public hearing, along with any revisions arising therefrom, by the end of December. Adopted by the Lino Lakes City Council this 18th day of December, 2006. The motion for the adoption of the foregoing resolution was duly seconded by Council Member Carlson and upon vote being taken thereon, the following voted in favor thereof: Reinert, Carlson, O'Donnell, Stoltz, Bergeson The following voted against same: none Whereupon said resolution was declared duly passed and ado Juli : nne Bartell, City le Jo n Be- :eson, Mayor