HomeMy WebLinkAbout1992-008 Council ResolutionCouncil member Neal introduced the
following resolution and move its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 92 - 08
RESOLUTION TRANSFERRING FUNDS AND CLOSING THE 1988A
CONSTRUCTION FUND TO THE IMPROVEMENT BONDS OF 1988A
WHEREAS, construction is complete for the Main and Ash Street
Projects, and
WHEREAS, there remains a balance of $135,784.56, and
WHEREAS, this recommendation comes from the 1990 Audit Management
Report.
NOW THEREFORE BE IT RESOLVED, that the following transfer be made
effective December 31, 1991.
INCREASE
Improvement Bonds 1988A (515) $135,784.56
1988A Construction Fund (565)
DECREASE
($135,784.56)
Adopted by the City Council of Lino Lakes this 13th day of January,
1992.
Vernon F. Reinert - Mayor
Marilyn ,`: Anderson, Clerk 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