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012 <br />COUNCIL MEETING <br />May 28, 1985 <br />Page Twelve <br />CONSIDERATION OF RESOLUTION #85 -08 AUTHORIZING THE CITY CLERK TO <br />TRANSFER FUNDS FROM THE MINNESOTA HOUSING MORTGAGE REVENUE FUND <br />Mr. Schumacher explained application was made two years ago to <br />obtain mortgage revenue bonds. The City was partially funded but <br />never took advantage of the program. The residual in the fund will <br />cover the City's expenses and close the account. <br />Mr. Kulaszewicz moved to adopt Resolution #85 -08 and waive the reading. <br />Mr. Marier seconded the motion. Motion carried unanimously. <br />1 <br />RESOLUTION #85 -08 <br />RESOLUTION AUTHORIZING CITY CLERK TO TRANSFER FUNDS <br />WHEREAS, <br />WHEREAS, <br />WHEREAS, <br />there exists a balance of $670.00 in the <br />Minnesota Revenue Mortgage Housing Board <br />Fund, and <br />the program application has been submitted by <br />the City and was partially funded for de- <br />veloper use, and <br />there exists no additional need for City <br />staff involvement. <br />NOW THEREFORE BE IT RESOLVED: <br />that the Lino Lakes City Council hereby auth- <br />orizes the City Clerk to transfer $670.00 from <br />the Minnesota Revenue Mortgage Housing Board <br />Fund to the General Fund for costs incurred by <br />the City. <br />Passed by the City Council this 28th day of May, 1985. <br />Benjamin ..G: Benson, Mayor <br />v n <br />Marilyn G. Anderson, City Clerk <br />1 <br />