HomeMy WebLinkAbout1992-013 Council ResolutionCouncil member
Neal
following resolution and move its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 92 - 13
introduced the
RESOLUTION TRANSFERRING FUNDS FROM THE SEWER AND WATER
ENTERPRISE FUND TO THE CONNECTION AND AREA CHARGE
CAPITAL PROJECT FUND
WHEREAS, the rate increase adopted by the City of Lino Lakes in
June 1988 anticipated a transfer of funds from the Sewer and Water
Enterprise Fund to the Connection and Area Charge Capital Project
Fund, and
WHEREAS, the 1987 and 1989 bond sales projected revenue from a
combination of connection fees, trunk area assessments and
services, and
WHEREAS, Resolution 01-88 established a Connection and Area Charge
Capital Project Fund, and
WHEREAS, Resolution 31-88 became effective with the second quarter
billing in 1988, and
WHEREAS, the City Clerk and City Engineer have determined that the
amount from the Sewer and Water Enterprise Fund to the Connection
and Area Charge Capital Project Fund for 1991 is $52,320.00.
NOW THEREFORE BE IT RESOLVED, that the following transfer be made
effective December 31, 1991
INCREASE DECREASE
Sewer and Water Enterprise (601) $52,320.00
Connection and Area Charge (406) ($52,320.00)
Adopted by the City Council of Lino Lakes this 13th day of January,
1992.
Vernon F. Reinert - Mayor
Marlyn . 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.
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Where upon said resolution was declared duly passed and adopted:
(E) - Denotes estimated levy amount
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