HomeMy WebLinkAbout1989-082 Council ResolutionCITY OF LINO LAKES
�.. RESOLUTION NO. 82 - 89
RESOLUTION AUTHORIZING CITY ACCOUNTANT TO CLOSE THE 1985
CERTIFICATE OF INDEBTEDNESS FUND INTO THE CLOSED BOND FUND
WHEREAS, There exists an unaudited cash balance in the 1985
Certificate of Indebtedness debt service fund,
and,
WHEREAS, The 1985 Certificate of Indebtedness bonds have
been completely retired,
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF LINO LAKES, MINNESOTA,
That the unaudited balance in the 1985 Certificate
of Indebtedness fund be transferred to the Closed
Bond Fund, and that the City Accountant be
authorized to close the 1985 Certificate of
Indebtedness fund. Any remaining receipts
received for the 1985 Certificate of Indebtedness
fund will be credited towards the closed bond
fund.
Adopted by the Lino Lakes City Council this 26th day of
December, 1989.
Benjamin G Benson, Mayor
1,x.4 -C'
Marilyn. Anderson, Clerk -Treasurer