HomeMy WebLinkAbout1987-074 Council Resolution•
CITY OF LINO LAKES
RESOLUTION NO. 74 - 87
RESOLUTION AUTHORIZING THE CITY CLERK TO TRANSFER THE BALANCE OF FUND FROM THE
77 - 01 IMPROVEMENT BOND FUND TO GENERAL FUND AND CLOSE THE 77 - 01 IMPROVEMENT
BOND FUND PERMANENTLY.
WHEREAS, There exists a balance of $17,060.39 in the 77 - 01 Improvment Bond
Fund, and
WHEREAS, The 1977 Improvmement.Bond have been entirely retired and no further
expenditure is anticipated,
NOW THEREFORE BE IT RESOLVED,
That the Lino Lakes City Clerk be authorized to transfer from the 77 - 01
Improvement Bond Fund the balance of $17,060.39 to the General Fund and
permanently close the 77 - 01 Improvement Bond Fund.
. Passed by the City Council this 28th day of December, 1987.
7 c
Benjamin G./Benson, Mayor
Marlyn G. Anderson, Clerk- Treasurer