HomeMy WebLinkAbout1987-073 Council Resolution•
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CITY OF LINO LAKES
RESOLUTION NO. 73 - 87
RESOLUTION AUTHORIZING THE CITY CLERK TO TRANSFER FUNDS INTO
THE LAWCON FUND TO PERMANENTLY CLOSE THE FUND.
WHEREAS, There exists a deficit balance in the LAWCON Fund
in the amount of 44,160.58, and
WHEREAS, Country Lakes Park has been completed and no
further Federal or State Funds will be received
and no further expenditure is expected, and
WHEREAS, The City did levy a one time levy of $30,000 in
1981 and collected in 1982 as part of the City
matching funding, and
WHEREAS, The City did determine that the balance of the
funding of Country Lakes Park would come from the
Dedicated Park Fund, and
NOW THEREFORE BE IT RESOLVED,
That the Lino Lakes City Clerk be authorized to
transfer from the General Fund the unused portion
of the $30,000 levy in the amount of $14,112.74
to the LAWCON Fund.
That the Lino Lakes City Clerk be authorized to
transfer from the Dedicated Park Fund $30,047.84
to the LAWCON Fund to fund the remaining deficit
balance in the LAWCON FUND.
That the Lino Lakes City Clerk be authorized to
close the LAWCON Fund permanently.
Passed by the City Council this 28th day of December, 1987.
Benjamin G. Benson, Mayor
aAttti
Mar lyn G. Anderson, Clerk- Treasurer
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CITY OF LINO LAKES
RESOLUTION NO. 73 - 87
RESOLUTION AUTHORIZING THE CITY CLERK TO TRANSFER FUNDS INTO THE LAWCON FUND TO
PERMANENTLY CLOSE THE FUND.
WHEREAS, There exists a deficit balance in the LAWCON Fund in the amount of
$44,282.77, and
WHEREAS, Country Lakes Park has been completed and no further Federal or
State Funds will be received and no further expenditure is ex-
pected, and
WHEREAS,
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The City did levy a one time levy of $30,000 in 1981 and collected
in 1982 as part of the City matching funding, and
WHEREAS, The City did detemine that the balance of the funding of Country Lakes
Park would come from the Dedicated Park Fund, and
NOW THEREFORE BE IT RESOLVED,
That the Lino Lakes City Clerk be authorized to transfer from the
General Fund the unused portion of the $30,000 levy in the amount
of $14,112.74 to the LAWCON Fund.
That the Lino Lakes City Clerk be authorized to transfer from the
Dedicated Park Fund $30,170.03 to the LAWCON Fund to fund the re-
maining deficit balance in the LAWCON FUND.
That the Lino Lakes City Clerk be authorized to close the LAWCON
Fund permanently.
Passed by the City Council this 28th day of December, 1987.
Mar lyn G. Anderson, Clerk - Treasurer