HomeMy WebLinkAbout1989-086 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 86 - 89
RESOLUTION AUTHORIZING CITY ACCOUNTANT TO TRANSFER AN
ADMINISTRATIVE CHARGE FROM THE COMPREHENSIVE (TRUNKWATER
MAIN) AREA WIDE CONSTRUCTION FUND TO THE GENERAL FUND AND TO
CLOSE THE TRUNKWATER MAIN CONSTRUCTION FUND INTO THE 1987
DEBT SERVICE FUND
WHEREAS, A schedule of Administration Fees for improvement
projects was approved by the Lino Lakes City
Council, and,
WHEREAS, The Comprehensive (Trunkwater main) area wide
construction fund was approved by the Lino Lakes
City Council,and,
WHEREAS, There exists an unaudited cash balance of
in the Comprehensive (trunk watermain) area wide
construction fund, and,
WHEREAS, The construction on the project has been
completed,
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF LINO LAKES, MINNESOTA,
That the Lino Lakes City Council hereby authorize
the City Accountant to tranfer an administrative
construction fee of $ 7,940.00 from the
Comprehensive (trunk watermain) area wide
construction fund to the General Fund. Also, the
Lino Lakes City Council hereby authorizes the City
Accountant to transfer the remaining unaudited
balance (after such administrative transfer has
been made) of the Comprehensive (trunk watermain)
area wide construction fund to the 1987 debt
service fund, and that the City Accountant be
authorized to close the Comprehensive (trunk
watermain) area wide construction fund.
Adopted by the Lino Lakes City Council this 26th day of
December, 1989.
Benjamin G Benson, Mayor
Thri1Y n G. Anderson, Clerk -Treasurer