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Council member Bergeson introduced the following resolution and <br />move its adoption: <br />CITY OF LINO LAKES <br />RESOLUTION NO. 97-175 <br />RESOLUTION AUTHORIZING THE TRANSFER OF MONIES FROM <br />TAX INCREMENT 1-7 FUND <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: <br />Increase Decrease <br />E.D.A. Fund (430) <br />T.I.F. District 1-7 (413) ($1,108) <br />$1,108 <br />Adopted by the City Council of Lino Lakes this 15th day of December, 1997. <br />.1h. <br />Marilyn G. Anderscn, Clerk Treasurer <br />n Landers - Mayor <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, Kuether, Lyden, <br />Neal, Landers. <br />The following voted against same: None. <br />Where upon said resolution was declared duly passed and adopted. <br />