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Council member Kuether <br />move its adoption: <br />introduced the following resolution and <br />CITY OF LINO LAKES <br />RESOLUTION NO. 96-15 <br />RESOLUTION AUTHORIZING THE TRANSFER OF MONIES FROM <br />THE TAX INCREMENT FUND 1-1 AND TAX INCREMENT FUND 1-2 <br />TO THE ECONOMIC DEVELOPMENT FUND <br />WHEREAS, personnel costs have been charged to the Economic Development Fund, and <br />WHEREAS, these costs are T.I.F. related, and <br />WHEREAS, the City's audit firm has recommended this transfer on an annual basis, and <br />WHEREAS, the City's Tax Increment Districts are all pooled. <br />NOW THEREFORE BE IT RESOLVED, that the following transfer be authorized effective <br />December 31, 1995. <br />E.D.A. Fund (430) <br />T.I.F. District 1-1 (407) <br />T.I.F. District 1-2 (408) <br />Increase Decrease <br />$1,662.85 <br />($831.43) <br />($831.42) <br />Adopted by the City Council of Lino Lakes this 12th day of February, 1996. <br />/14 <br />Marilyn G! Anderson, Clerk Treasurer <br />n Landers, Mayor <br />The motion for the adoption of the foregoing resolution was duly seconded by Lyden <br />and upon vote being taken thereon, the following voted in favor thereof: Bergeson, Kuether, <br />Lyden, Neal, Landers. <br />The following voted against same: None. <br />Where upon said resolution was declared duly passed and adopted: <br />