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12-08-14 Council Packet
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12-08-14 Council Packet
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City Council
Council Document Type
Council Packet
Meeting Date
12/08/2014
Council Meeting Type
Regular
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CITY OF LINO LAKES <br />RESOLUTION NO. 14-146 <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 from the General Fund and Dedicated Parks Fund. <br />NOW, THEREFORE, BE IT RESOLVED, by the Lino Lakes City Council that the <br />following transfers are approved to pay the 2014 installment on the Recreation Complex <br />Interfund Loan: <br />From To Amount <br />General Fund Dedicated Parks Fund $50,000.00 <br />Dedicated Parks Fund Area and Unit Fund $100,000.00 <br />Adopted by the Council of the City of Lino Lakes this 8th day of December, 2014. <br />The motion for the adoption of the foregoing resolution was introduced by Council <br />Member and was duly seconded by Council Member <br />upon vote being taken thereon, the following voted in favor thereof: <br />The following voted against same: <br />ATTEST: <br />Julianne Bartell, City Clerk <br />and <br />Jeff Reinert, Mayor <br />
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