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• <br />CITY OF LINO LAKES <br />RESOLUTION NO. 03-217 <br />RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS FROM THE AREA AND <br />UNIT FUND TO THE 1999A G.O. IMPROVEMENT BOND DEBT SERVICE FUND <br />WHEREAS, The 1999A Bond Debt Service Fund has a deficit balance, and <br />WHEREAS, these bonds were originally sold to finance the West Central Trunk, and <br />WHEREAS, resources of the Area and Unit Fund were pledged toward the retirement of <br />the 1999A Bond issue, and <br />WHEREAS, a transfer is made annually from the Area and Unit Fund to the 1999A Bond <br />Debt Service Fund to cover debt service payments. <br />NOW THEREFORE BE IT RESOLVED, that the following transfer be adopted: <br />Increase Decrease <br />• Imp. Bonds 1999A (320) $391,554 <br />Area and Unit Fund (406) <br />• <br />$391,554 <br />Adopted by the City Council of Lino Lakes this 8th day of December, 2003. <br />Ann Blair, City Clerk <br />John Bergeson, Mayor <br />