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Council member Elliott introduced the <br />following resolution and move its adoption: <br />CITY OF LINO LAKES <br />RESOLUTION NO. 40-93 <br />RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS <br />FROM THE 1992 IMPROVEMENT BONDS TO THE <br />1991 IMPROVEMENT BONDS <br />WHEREAS, in 1992, assessments had been paid for Snow Owl Lane and <br />Ulmer Drive, and <br />WHEREAS, it has been determined that these assessment relate to the <br />Wenzel Farms project, and <br />WHEREAS, the 1991 Improvement Bonds were sold to finance the Wenzel <br />Farms project. <br />NOW THEREFORE BE IT RESOLVED, that the following transfer be <br />authorized. <br />Increase Decrease <br />1991 Improvement Bonds (520) $19,517.50 <br />1992 Improvement Bonds (521) ($19,517.50) <br />Adopted by the City Council of Lino Lake this 12th day of July, <br />1993. <br />Vernon F. Reinert - Mayor <br />Marilyn G. Anderson, Clerk Treasurer <br />The motion for the adoption of the foregoing resolution was duly <br />seconded by Council Member Bergeson and upon vote being taken <br />thereon, the following voted in favor thereof: Bergeson, Elliott, <br />Kuether, Neal. <br />The following voted against same: None, Mayor Reinert was absent. <br />Where upon said resolution was declared duly passed and adopted: <br />