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Council member Lyden introduced the following resolution and moved its <br />adoption: <br />CITY OF LINO LAKES <br />RESOLUTION NO. 98-120 <br />RESOLUTION TRANSFERRING FUNDS FROM THE GENERAL FUND TO <br />THE GAS UTILITY FUND FOR CLOSURE <br />WHEREAS, The gas utility fund was established in the late 1980s, and <br />WHEREAS, the City was anticipating to own it's own gas utility, and <br />WHEREAS, the City is now looking into franchise fees, and <br />WHEREAS, the Gas Utility Fund has a deficit balance caused by legal expenses incurred by <br />exploring the franchise fee route, and <br />WHEREAS, the General Fund collects gas franchise fees from Circle Pines. <br />NOW THEREFORE BE IT RESOLVED: That the following transfer be adopted and the Gas Utility <br />Fund be closed. <br />Gas Utility Fund (603) <br />General Fund (101) <br />Increase Decrease <br />$17,241.43 <br />Adopted by the Lino Lakes City Council this 27th da <br />Marilyn G. Anderson, Clerk -Treasurer <br />($17,241.43) <br />The motion for the adoption of the foregoing resolution was duly seconded by Council Member Neal <br />and upon vote being taken thereon, the following voted in favor thereof: Bergeson, Dahl, Lyden, <br />Neal, Sullivan. <br />The following voted against same: none. <br />Where upon said resolution was declared duly passed and adopted: <br />