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CITY OF LINO LAKES <br />RESOLUTION NO. 02-189 <br />RESOLUTION AUTHORIZING A 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 />Imp. Bonds 1999A (320) <br />Area and Unit Fund (406) <br />Increase <br />$391,681 <br />Decrease <br />$391,681 <br />Adopted by the City Council of Lino Lakes this 16th day of December, 2002. <br />