HomeMy WebLinkAbout2007-212 Council Resolution•
Council Member Reinert introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 07 -212
EXTENDING THE ADOPTION DATE FOR THE 2008 -2012 FIVE YEAR FINANCIAL PLAN
Whereas Resolution No. 06 -213, passed by the council on December 18, 2006,
establishes a timeline for the preparation, submission and annual adoption of the City's
Five Year Financial Plan; and
Whereas, said timeline calls for the annual adoption of the Five Year Financial
Plan to occur by the end of December; and
Whereas, at a work session on November 5, 2007, the City Council determined
more time was needed finalize the plan and that the adoption date needed to be
extended; and
Now, Therefore, Be It Resolved by the City Council of the City of Lino Lakes,
Minnesota:
That the date for the council to consider adoption of the 2008 -2012 Five Year
Financial Plan is hereby extended to January 28, 2008.
Adopted by the Lino Lakes City Council this 17th day of December, 2007.
The motion for the adoption of the foregoing resolution was duly seconded by
Council Member Carl son and upon vote being taken thereon, the following voted in
favor thereof:
Reinert, Carlson, O'Donnell, Stoltz, Bergeson
The following voted against same:
none
Whereupon said resolution was declared duly passed and adopted.
e Bartell, City Cle
•
•
AGENDA ITEM IE
STAFF ORIGINATOR Gordon Heitke
City Administrator
MEETING DATE December 17, 2007
TOPIC Consideration of Resolution 07 -212 Extending the Adoption
Date for the 2008 -2012 Five Year Financial Plan
VOTE REQUIRED Simple Majority
BACKGROUND
In 2006, the council adopted a general timeline for the preparation,
submission and adoption of the City's Five Year Financial Plan. The timeline calls for
adoption of the plan by the end of December.
The council is in the process of reviewing the 2008 -2012 Five Year Financial Plan and has
indicated that an additional month is needed to complete the process.
Resolution No. 07 -212 extends the adoption date for the plan.
OPTIONS
1. Adopt Resolution No. 07 -212.
2. Reject Resolution No. 07 -212
RECOMMENDATION
Option No. 1