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Council Member Kuether <br />and moved its adoption: <br />introduced the following resolution <br />CITY OF LINO LAKES <br />RESOLUTION NO. 95-178 <br />RESOLUTION TRANSFERRING FUNDS FROM THE 1989 CONSTRUCTION FUND <br />TO THE G.O. IMPROVEMENT REFUNDING BONDS 1992A FOR CLOSURE <br />WHEREAS, this construction fund was established for Sunrise Meadows and <br />Reshanau 4th and 5th Additions, and <br />WHEREAS, the construction is complete on these projects, and <br />WHEREAS, there remains a balance, and <br />WHEREAS, the 1989A Temporary Improvement Bonds were sold for these projects, <br />and <br />WHEREAS, the 1992A G.O. Improvement Refunding Bonds were sold to refinance the <br />1989A Temporary bonds. <br />NOW THEREFORE BE IT RESOLVED, by the City Council of Lino Lakes that the <br />transfer from the 1989 Construction Fund to the G.O. Improvement Refunding Bonds <br />1992A Fund be approved as follows: <br />Increase Decrease <br />G.O. Improve Bonds 1992A Fund (309) $164,772 <br />1989 Construction Fund (453) <br />($164,772) <br />Adopted by the City Council of Lino Lakes this 11th day of December, 1995. <br />Vernon F. Reinert - Mayor <br />/? , L_ <br />Marilyn G. Anderson - Clerk Treasurer <br />The motion for the adoption of the foregoing resolution was duly seconded by Elliott <br />and upon vote being taken thereon, the following voted in favor thereof: Elliott, <br />Bergeson, Kuether, Neal, Reinert. <br />The following voted against same: <br />Where upon said resolution was declared duly passed and adopted. <br />