HomeMy WebLinkAbout1989-083 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 83 - 89
RESOLUTION AUTHORIZING CITY ACCOUNTANT TO CLOSE THE 1987
CERTIFICATE OF INDEBTEDNESS FUND INTO THE CLOSED BOND FUND
WHEREAS,
There exists an unaudited balance in the 1987
Certificate of Indebtedness debt service fund,
and,
WHEREAS, The 1987 Certificates of indebtedness 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 1987 Certificate
of Indebtedness fund be transferred to the Closed
Bond Fund, and that the City Accountant be
authorized to close the 1987 Certificate of
Indebtedness fund. Any remaining receipts
received of the 1987 Certificate of Indebtedness
will be credited to the Closed Bond fund.
Adopted by the Lino Lakes City Council this 26th day of
December, 1989.
Marilyn
Benjamin G Benson, Mayor
Anderson, Clerk -Treasurer