HomeMy WebLinkAbout2000-125 Council ResloutionCouncil member O'Donnell
resolution and move its adoption:
introduced the following
CITY OF LINO LAKES
RESOLUTION NO. 00-125
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:
Imp. Bonds 1992A (309)
Area and Unit Fund (406)
Increase
$417,345
Decrease
($417,345)
Adopted by the City Council of Lino Lakes this 18th day of December, 2000.
John Bergeson, Mayor
Jul ' anne Bartell, ' Clerk
The motion for the adoption of the foregoing resolution was duly seconded by
Reinert and upon vote being taken thereon, the following voted in favor thereof:
O'Donnell,Reinert, Dahl, Carlson, Bergeson
The following voted against same:
Where upon said resolution was declared duly passed and adopted:
COUNCIL MINUTES DECEMBER 18, 2000
FINANCE DEPARTMENT REPORT, AL ROLEK
Resolution No. 2000 —124, Amending the 2000 General Fund Budget, Al Rolek - Staff advised
in 1999 the City Council accepted the 1998 Financial Report. This report identified excess revenues
in the General Fund, of which the City Council designated $24,000 towards the purchase of voting
machines. The machines were purchased in 2000. The Election capital outlay budget should be
amended to reflect the purchase of the machines and the dollars will be taken from the General Fund
Designated fund balance. (Staff referred to Schedule A, #1)
Secondly, the 2000 General & Water Funds should be amended to record various Council actions
throughout the year for salary adjustments and technology improvements in the amount of $75,675 to
be funded by accumulated antenna lease revenues per Resolution No. 00 — 66. (Staff referred to
Schedule A, #2)
Finally, the proposed Black Duck trail extension budgeted in 2000 will not occur until 2001
following final acquisition of the easements. Staff recommends that the $50,000 budgeted for the
extension in the 2000 General Fund budget be transferred to the Dedicated Parks fund to finance the
project in 2001. (Staff referred to Schedule A, #3)
Council Member Dahl moved to adopt Resolution No. 2000 — 124, as presented. Council Member
Reinert seconded the motion. Motion carried unanimously.
Resolution No. 2000 —124 can be found in the City Clerk's office.
Resolution No. 00 —125, Transfer Funds for Debt Service, Al Rolek — Staff advised each year a
transfer is made into the 1992 Bond Fund to cover the deficit balance. These bonds were originally
sold to finance the West Central Trunk. In 1995, funds were transferred to the Area and Unit Fund
from TIF funds to defray the cost of the trunk.
The transfer is to cover bond payments only. The amount of the transfer would be $417,345.
Council Member O'Donnell moved to adopt Resolution No. 00 — 125, as presented. Council Member
Reinert seconded the motion. Motion carried unanimously.
Resolution No. 00 — 125 can be found in the City Clerk's office.
PUBLIC SAFETY DEPARTMENT REPORT, DAVE PECCHIA
There was no Public Safety Department report.
PUBLIC SERVICES DEPARTMENT REPORT, RICK DEGARDNER
Consideration of Resolution No. 00 —126, Accepting Cooperative Trail Grant From the DNR in
the Amount of $30,000, Rick DeGardner — Staff advised the purpose of the Cooperative Trail
Linkage grant program is to provide trail connections between where people live and desirable
locations. The City of Lino Lakes submitted an application on February 24, 1999 to provide trail
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