Laserfiche WebLink
• <br />• <br />CITY OF LINO LAKES <br />RESOLUTION NO. 12 -121 <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 recreation <br />complex, and; <br />WHEREAS, 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 />WHEREAS, the City Council to approved Resolution No. 06 -212 providing for a plan to <br />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 2012 installment on the Recreation Complex <br />Interfund Loan: <br />From To Amount <br />General Fund Dedicated Parks Fund $100,000.00 <br />Dedicated Parks Fund Area and Unit Fund $100,000.00 <br />Adopted by the Council of the City of Lino Lakes this 10th day of December, 2012. <br />The motion for the adoption of the foregoing resolution was introduced by Council <br />Member <br />Roeser and was duly seconded by Council Member Ra££erty and upon <br />vote being taken thereon, the following voted in favor thereof: <br />Roeser, Rafferty, O'Donnell, Stoesz, Reinert <br />The following voted against same: <br />none <br />ATTEST: <br />Ju anne Bartell, City Clerk <br />