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Council member introduced the <br />�.. following resolution and move its adoption: <br />CITY OF LINO LAKES <br />RESOLUTION NO. 01 - 93 <br />RESOLUTION TRANSFERRING FUNDS FROM THE SEWER AND WATER <br />ENTERPRISE FUND TO THE AREA AND CONNECTION FUND <br />WHEREAS, the rate increase adopted by the City of Lino Lakes in <br />June 1988 anticipated a transfer of funds from the Sewer and Water <br />Enterprise Fund to the Area and Connection Fund, and <br />WHEREAS, the 1990 and 1992 bond sales projected revenue from a <br />combination of connection fees, trunk area assessments and <br />services, and <br />WHEREAS, the City Engineer and Finance Director have determined <br />that the amount from the Sewer and Water Enterprise Fund to the <br />Area and Connection Fund for 1992 is $96,712.00 <br />NOW THEREFORE BE IT RESOLVED, that the following transfer be made <br />effective December 31, 1992. <br />Increase Decrease <br />Area and Connection (406) 96,712.00 <br />Sewer and Water Enterprise (601) (96,712.00) <br />Adopted by the City Council of Lino Lake -this llth day of January, <br />1993. ro-' <br />Vernon F. Reinert - Mayor <br />Maril <br />n G. <br />Anderson, Clerk Treasurer <br />The motion for the adoption of the foregoing resolution was duly <br />seconded by and upon vote being taken <br />thereon, the following voted in favor thereof: <br />The following voted against same: <br />Where upon said resolution was declared duly passed and adopted: <br />