HomeMy WebLinkAbout1992-010 Council ResolutionCouncil member Neal introduced the
following resolution and move its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 92 - 10
RESOLUTION AUTHORIZING THE TRANSFER OF MONIES INTO
THE ECONOMIC DEVELOPMENT AUTHORITY FUND FROM THE
CLOSED BOND FUND
WHEREAS, the Economic Development Fund has a deficit balance, and
WHEREAS, a recommendation was made in the 1990 Audit Management
Report to finance this deficit.
NOW THEREFORE BE IT RESOLVED, that the following transfer be made
retroactive to December 31, 1991.
INCREASE DECREASE
Economic Development Authority (540) $9,950.26
Closed Bond Fund (501)
($9,950.26)
Adopted by the City Council of Lino Lakes this 13th day of January,
1992.
/M
Vernon F. Reinert, Mayor
. 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