HomeMy WebLinkAbout1989-090 Council ResolutionCITY OF LINO LAKES
RESOLUTION NUMBER 90-89
RESOLUTION TRANFERING FUNDS FROM THE RICE LAKE CONSTRUCTION
FUND TO THE 1988A DEBT SERVICE FUND.
Whereas, The Rice Lake Estates project was funded by the
Temporary Improvement bonds of 1985,
WHEREAS, The Temporary Improvement Bonds of 1985 were
subsequently refinanced by the 1988 Improvement
Bonds,
WHEREAS, The construction on the Rice Lake Estates project
is substantially complete except for the final
bituminous street overlay,
WHEREAS, an amount of $55,000.00 will be retained in the
Rice Lake Construction Fund to pay for the final
overlay of the road,
NOW THEREFORE BE IT RESOLVED that the Lino Lakes City Council
hereby authorizes the City Accountant to transfer the
remaining unaudited balance of the Rice Lakes Construction
fund to the 1988A debt service fund.
Passed this 26th day of December, 1989.
Benjamin G. Benson, Mayor
Marilyn,G. Anderson, Clerk -Treasurer