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Council member Elliott introduced the <br />following resolution and move its adoption: <br />CITY OF LINO LAKES <br />RESOLUTION NO. 95 - 15 <br />RESOLUTION AUTHORIZING THE TRANSFER AND CLOSURE OF FUNDS <br />FROM THE 1989A CERTIFICATE OF INDEBTEDNESS AND THE 1991A <br />CERTIFICATE OF INDEBTEDNESS TO THE CLOSED BOND FUND <br />WHEREAS, the 1989A Certificate of Indebtedness matured on May 1, <br />1994,and <br />WHEREAS, the 1991A Certificate of Indebtedness matures on January <br />1, 1995, and <br />WHEREAS, there are balances remaining in both funds that should be <br />transferred to the Closed Bond Fund, and <br />WHEREAS, the Certificate of Indebtedness Funds should be closed. <br />NOW THEREFORE BE IT RESOLVED, that the following transfer and fund <br />closures be authorized effective December 31, 1994. <br />Closed Bond Fund (301) <br />1989A Cert. of Indebt (303) <br />Closed Bond Fund (301) <br />1991A Cert. of Indebt (306) <br />Increase <br />$14,542.06 <br />$ 7,043.69 <br />Decrease <br />($14,542.06) <br />($ 7,043.69) <br />Adopted by the City Council of Lino Lakesris 23rd day of January, <br />1995. <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 Bergeson 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 />