HomeMy WebLinkAbout1992-006 Council ResolutionCouncil member Neal introduced the
following resolution and move its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 92 - 06
RESOLUTION TRANSFERRING FUNDS AND CLOSING THE 1981
IMPROVEMENT BONDS TO THE CLOSED BOND FUND
WHEREAS, the bonds matured on December 1, 1991, and
WHEREAS, there remains a cash balance, and
WHEREAS, the Closed Bond Fund is designated for remaining balances
of matured bond issues.
NOW THEREFORE BE IT RESOLVED, that the following transfer be made
effective December 31, 1991.
INCREASE DECREASE
Closed Bond Fund (501) Remaining Balance
Improvement Bonds 1981 (507) (Remaining Balance)
Adopted by the City Council of Lino Lakes this 13th day of January,
1992.
Vernon F. Reinert - Mayor
Marilyn G. Anderson, Cierk Treasurer
The motion for the adoption of the foregoing resolution was duly
seconded by Council Member Elliott and upon vote being taken
thereon, the following voted in favor thereof: Neal, Kuether,
Reinert, Elliott.
The following voted against same: None.
Where upon said resolution was declared duly passed and adopted:
(E) - Denotes estimated levy amount