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Or <br />Council member Elliott introduced the <br />following resolution and move its adoption: <br />CITY OF LINO LAKES <br />RESOLUTION NO. 94 - 10 <br />RESOLUTION TRANSFERRING FUNDS FROM THE SEWER AND WATER <br />ENTERPRISE FUND TO THE AREA AND UNIT 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 Unit 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 Unit Fund for the second through fourth 1993 is $107,744. <br />NOW THEREFORE BE IT RESOLVED, that the following transfer be made <br />effective December 31, 1993. <br />Increase Decrease <br />Area and Unit (406) $107,744 <br />Sewer and Water Enterprise (601) ($107,744) <br />Adopted by the City Council of Lino es this 14th day of <br />February, 1994. <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 Kuether and upon vote being taken <br />thereon, the following voted in favor thereof: Bergeson, Elliott, <br />Kuether, Neal, Reinert. <br />The following voted against same: none. <br />Where upon said resolution was declared duly passed and adopted: <br />