HomeMy WebLinkAbout2000-020 Council ResolutionCouncil member Dahl introduced the following
resolution and move its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 00-20
RESOLUTION TRANSFERRING FUNDS FROM THE AREA AND UNIT FUND TO
THE 1992A G.O. IMPROVEMENT BOND FUND TO ELIMINATE THE DEFICIT
WHEREAS, The 1992 Bond Fund has a deficit balance, and
WHEREAS, these bonds were originally sold to finance the West Central Trunk, and
WHEREAS, in 1995, funds were transferred to the Area and Unit Fund from TIF funds to
defray the cost of the trunk, and
WHEREAS, the transfer is to cover bond payments only.
NOW THEREFORE BE IT RESOLVED, that the following transfer be adopted effective
December 1999.
Increase
Imp. Bonds 1992A (309) $423,850
Area and Unit Fund (406)
Decrease
($423,850)
Adopted by the City Council of Lino Lakes this 28th day of February, 2000.
Jo Bergeson- Mayor
Ry -Chet Gaustad, CMC City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by
Carlson and upon vote being taken thereon, the following voted in favor thereof:
Bergeson, Carlson, Dahl, O'Donnell
The following voted against same: none
Where upon said resolution was declared duly passed and adopted: