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Council member Neal <br />move its adoption: <br />introduced the following resolution and <br />CITY OF LINO LAKES <br />RESOLUTION NO. 96-161 <br />RESOLUTION DELETING SPECIAL ASSESSMENTS FROM <br />CITY OWNED PROPERTY <br />WHEREAS, the City owns two parcels on Sunset Road that will remain a holding pond, and <br />WHEREAS, there are assessments owing on these parcels, and <br />WHEREAS, the City auditor has suggested that the City write off the amount owing as the bonds <br />have been paid for many years, and <br />WHEREAS, the assessments are recorded in the Closed Bond Fund which has a solvent fund <br />balance, and <br />WHEREAS, the amount owing is $10, 510. <br />NOW THEREFORE BE IT RESOLVED, that the Finance Director has authority to write off City <br />assessments from the Closed Bond Fund. <br />Adopted by the City Council of Lino Lakes this 16th day of December, 1996. <br />-04Ji,. <br />Marilyn G. Anderson, Clerk Treasurer <br />-t---�,-�� <br />J•hn Landers- Mayor <br />The motion for the adoption of the foregoing resolution was duly seconded by <br />Lyden and upon vote being taken thereon, the following voted in favor thereof: <br />Bergeson, Lyden, Neal, Landers. <br />The following voted against same: None, Council Member Kuether was absent. <br />Where upon said resolution was declared duly passed and adopted: <br />