HomeMy WebLinkAbout1992-012 Council ResolutionCouncil member Neal introduced the
following resolution and move its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 92 - 12
RESOLUTION CLOSING THE 1988B TEMPORARY IMPROVEMENT
BONDS INTO THE 1991A IMPROVEMENT BONDS
WHEREAS, the 1991A Improvement Bonds were sold to finance the 1988B
Temporary Improvement Bonds, and
WHEREAS, there remains a balance in the 1988B Temporary Improvement
Bonds.
NOW THEREFORE BE IT RESOLVED, that the following transfer be made
effective December 31, 1991.
INCREASE DECREASE
1991A Improvement Bonds (520) Remaining Balance
1988B Temporary Improvement Bonds (516) (Remaining Balance)
Adopted by the City Council of Lino Lakes this 13th day of January,
1992.
Marily
Vernon F. Reinert - Mayor
NL t CCM L 1
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