HomeMy WebLinkAbout1992-011 Council ResolutionCouncil member Neal introduced the
following resolution and move its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 92-11
RESOLUTION AUTHORIZING THE TRANSFER OF MONIES INTO
THE 1988 TEMPORARY IMPROVEMENT BONDS FROM THE
1988B CONSTRUCTION FUND
WHEREAS, the 1988 Temporary Improvement Bonds matured on October 1,
1991, and
WHEREAS, construction is complete but paving for the South Reshanau
Lake Estates 2nd Addition, and
WHEREAS, $20,000 will remain in the 1988B Construction fund until
the paving is complete, and
WHEREAS, this recommendation comes from the 1990 Audit Management
Report.
NOW THEREFORE BE IT RESOLVED, that the following transfer be made
retroactive to December 31, 1991.
INCREASE DECREASE
1988 Temporary Improvement Bonds (516) $70,657.09
1988B Construction Fund (566) ($70,657.09)
Adopted by the City Council of Lino Lakes this 13th day of January
1992.
Vernon F. Reinert - Mayor
riln G. 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