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• Council Member <br />adoption: Carlson introduced the following resolution and moved its <br />• <br />CITY OF LINO LAKES <br />RESOLUTION NO. 07-200 <br />RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS FROM THE AREA AND <br />UNIT FUND TO THE WATER OPERATING FUND FOR PAYMENT OF 1996B G.O. <br />WATER REVENUE BOND <br />WHEREAS, a transfer was budgeted in 2007 to the Water Operating Fund from the Area <br />and Unit Fund to cover principal and interest on the 1996B G.O. Water <br />Revenue Bonds due in 2007, and <br />WHEREAS, it is staff's recommendation that this transfer be completed effective December <br />31, 2007. <br />NOW, THEREFORE BE IT RESOLVED by the City Council of Lino Lakes, that the <br />following transfer be authorized and recorded effective December 31, 2007: <br />Increase Decrease <br />Water Operating Fund (601) $141,199 <br />Area and Unit Fund (406) <br />$141,199 <br />The motion for the adoption of the foregoing resolution was duly seconded by Council <br />Member Stoltz and upon vote being taken thereon, the following voted in favor <br />thereof: <br />Carlson, Stoltz, O'Donnell, Reinert, Bergeson <br />The following voted against same: <br />none <br />Whereupon said resolution was declared duly passed and adopted. <br />Adopted by the City Council of Lino Lakes this 10th day of December, 2007. <br />n e Bartell, City Cle <br />J n Berr'son, ayor <br />