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Council Member Neal introduced the following resolution <br />and moved its adoption: <br />CITY OF LINO LAKES <br />RESOLUTION NO. 95-181 <br />RESOLUTION TRANSFERRING FUNDS FROM THE 1991 CONSTRUCTION FUND <br />TO THE CLOSED BOND FUND FOR CLOSURE <br />WHEREAS, this construction fund was established for Pine Ridge 1st Addition, <br />Brandywood 1st Addition, Pheasant Hills 1st Addition, Wenzel Farms 1st and 2nd <br />Addition, and Reshanau Lake Trunk, and <br />WHEREAS, the construction is complete on these projects, and <br />WHEREAS, there remains a balance, and <br />WHEREAS, the Closed Bond Fund accounts for all excess funds from closed <br />construction funds. <br />NOW THEREFORE BE IT RESOLVED, by the City Council of Lino Lakes that the <br />transfer from the 1991 Construction Fund to the Closed Bond Fund be approved as <br />follows: <br />Increase Decrease <br />Closed Bond Fund (301) $144,400 <br />1991 Construction Fund (454) <br />($144,400) <br />Adopted by the City Council of Lino Lakes this 11th day of December, 1995. <br />Vernon F. Reinert - Mayor <br />Marilyn G.Anderson - Clerk Treasurer <br />The motion for the adoption of the foregoing resolution was duly seconded by Bergeson <br />and upon vote being taken thereon, the following voted in favor thereof: Bergeson, <br />Elliott, Kuether, Neal, Reinert. <br />The following voted against same: None. <br />Where upon said resolution was declared duly passed and adopted. <br />