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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 - 10 <br />RESOLUTION AUTHORIZING THE TRANSFER OF MONIES INTO <br />THE ECONOMIC DEVELOPMENT AUTHORITY FUND FROM THE <br />CLOSED BOND FUND <br />WHEREAS, the Economic Development Fund has a deficit balance, and <br />WHEREAS, a recommendation was made in the 1990 Audit Management <br />Report to finance this deficit. <br />NOW THEREFORE BE IT RESOLVED, that the following transfer be made <br />retroactive to December 31, 1991. <br />INCREASE DECREASE <br />Economic Development Authority (540) $9,950.26 <br />Closed Bond Fund (501) <br />($9,950.26) <br />Adopted by the City Council of Lino Lakes this 13th day of January, <br />1992. <br />/M <br />Vernon F. Reinert, Mayor <br />. 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 />