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Council member Dahl introduced the following <br />resolution and move its adoption: <br />CITY OF LINO LAKES <br />RESOLUTION NO. 01-189 <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 2001 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 2001, and <br />WHEREAS, it is staff's recommendation that this transfer be completed effective <br />December 31, 2001. <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, 2001: <br />Increase Decrease <br />Water Operating Fund (601) $307,650 <br />Area and Unit Fund (406) ($307,650) <br />Adopted by the City Council of Lino Lakes this 10th day of December, 2001. <br />JohnBerges`on, Mayor <br />Ann Blair, City Clerk <br />The motion for the adoption of the foregoing resolution was duly seconded by Council <br />Member Ca*-1son and upon vote being taken thereon, the following voted in <br />favor thereof: <br />Reinert, Dahl, Bergeson, Carlson & O'Donnell <br />The following voted against same: <br />None. <br />Where upon said resolution was declared duly passed and adopted: <br />