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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 - 08 <br />RESOLUTION TRANSFERRING FUNDS AND CLOSING THE 1988A <br />CONSTRUCTION FUND TO THE IMPROVEMENT BONDS OF 1988A <br />WHEREAS, construction is complete for the Main and Ash Street <br />Projects, and <br />WHEREAS, there remains a balance of $135,784.56, and <br />WHEREAS, this recommendation comes from the 1990 Audit Management <br />Report. <br />NOW THEREFORE BE IT RESOLVED, that the following transfer be made <br />effective December 31, 1991. <br />INCREASE <br />Improvement Bonds 1988A (515) $135,784.56 <br />1988A Construction Fund (565) <br />DECREASE <br />($135,784.56) <br />Adopted by the City Council of Lino Lakes this 13th day of January, <br />1992. <br />Vernon F. Reinert - Mayor <br />Marilyn ,`: Anderson, 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 />