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Council member Bergeson introduced the following resolution and moved its <br />adoption: <br />CITY OF LINO LAKES <br />RESOLUTION NO. 97- 174 <br />RESOLUTION TRANSFERRING FUNDS FROM THE AREA AND UNIT FUND <br />TO THE 1992 A G.O. IMPROVEMENT BOND FUND TO ELIMINATE <br />THE DEFICIT <br />WHEREAS, The 1992 Bond Fund has a deficit balance, and <br />WHEREAS, these bonds were originally sold to finance the West Central Trunk, and <br />WHEREAS, in 1995, funds were transferred to the Area and Unit Fund from TIF funds to defray <br />the cost of the trunk. <br />NOW THEREFORE BE IT RESOLVED: That the following transfer be adopted. <br />Increase Decrease <br />Imp. Bonds 1992A (309) $257,000 <br />Area and Unit Fund (406) ($257,000) <br />Adopted by the Lino Lakes City Council this 15th day of D-cember, 1997. <br />z <br />hn Landers -Mayor <br />f i i ahs 1, )• C •L��:ti 1 <br />Marilyn G. Anderson, Clerk -Treasurer <br />The motion for the adoption of the foregoing resolution was duly seconded by Council Member Lyden <br />and upon vote being taken thereon, the following voted in favor thereof: Bergeson, Lyden, Neal, <br />Kuether, Landers. <br />The following voted against same: None . <br />Where upon said resolution was declared duly passed and adopted: <br />