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CITY OF LINO LAKES <br />RESOLUTION NO. 14-144 <br />RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS FROM THE AREA AND <br />UNIT FUND TO THE 2005B G.O. IMPROVEMENT BOND DEBT SERVICE FUND <br />WHEREAS, a portion the 2005B Bond issue refunded the original 1998A bond issue, and <br />WHEREAS, these bonds were originally sold to finance 1997 and 1998 Construction Projects, and <br />WHEREAS, resources of the Area and Unit Fund were pledged toward the retirement of the <br />1998A Bond issue. <br />NOW, THEREFORE, BE IT RESOLVED. that the following transfer be adopted: <br />Increase Decrease <br />Imp. Bonds 2005B (328) $220,000.00 <br />Area and Unit Fund (406) <br />$220,000.00 <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 Member <br />Roeser and was duly seconded by Council MembeiKusterman and upon vote being <br />taken thereon, the following voted in favor thereof <br />Roeser, Kusterman, Rafferty, <br />The following voted against same: <br />Absent — Stoesz <br />ATTEST: <br />Ju is e Bartell, City lerk <br />Reinert <br />