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Council member Neal introduced the <br />following resolution and move its adoption: <br />CITY OF LINO LAKES <br />RESOLUTION NO. 92 - 05 <br />RESOLUTION AUTHORIZING THE TRANSFER OF MONIES FROM <br />THE 1991 CONSTRUCTION FUND TO THE INTERIM CONSTRUCTION <br />FUND AND FROM THE CONTRACTOR DEPOSIT FUND TO THE 1991 <br />CONSTRUCTION FUND <br />WHEREAS, Bonds have been sold to pay for various projects, and <br />WHEREAS, previous years costs have been incurred, and <br />WHEREAS, various costs were paid from contractor's deposits and <br />should not have been. <br />NOW THEREFORE BE IT RESOLVED, that the following transfers be made <br />retroactive to December 31, 1991. <br />Interim Construction Fund (550) <br />Contractor's Deposits (803) <br />1991 Construction Fund (570) <br />INCREASE DECREASE <br />$76,550.06 <br />1,319.98 <br />($77,870.04) <br />Adopted by the City Council of Lino Lakes this 13th day of January, <br />1992. <br />Vernon F. Reinert - Mayor <br />/7/Luc <br />Marilyn G.' An erson, Clerk Treasurer <br />The motion for the adoption of the foregoing resolution was duly <br />seconded by Council Member Elliott and upon vote being taken <br />thereon, the following voted in favor thereof: Neal, Kuether, Reinert, <br />Elliott. <br />The following voted against same: None. <br />Where upon said resolution was declared duly passed and adopted: <br />(E) - Denotes estimated levy amount <br />