HomeMy WebLinkAbout1995-015 Council ResolutionCouncil member Elliott introduced the
following resolution and move its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 95 - 15
RESOLUTION AUTHORIZING THE TRANSFER AND CLOSURE OF FUNDS
FROM THE 1989A CERTIFICATE OF INDEBTEDNESS AND THE 1991A
CERTIFICATE OF INDEBTEDNESS TO THE CLOSED BOND FUND
WHEREAS, the 1989A Certificate of Indebtedness matured on May 1,
1994,and
WHEREAS, the 1991A Certificate of Indebtedness matures on January
1, 1995, and
WHEREAS, there are balances remaining in both funds that should be
transferred to the Closed Bond Fund, and
WHEREAS, the Certificate of Indebtedness Funds should be closed.
NOW THEREFORE BE IT RESOLVED, that the following transfer and fund
closures be authorized effective December 31, 1994.
Closed Bond Fund (301)
1989A Cert. of Indebt (303)
Closed Bond Fund (301)
1991A Cert. of Indebt (306)
Increase
$14,542.06
$ 7,043.69
Decrease
($14,542.06)
($ 7,043.69)
Adopted by the City Council of Lino Lakesris 23rd day of January,
1995.
Vernon F. Reinert - Mayor
Marilyn Anderson, Clerk Treasurer
The motion for the adoption of the foregoing resolution was duly
seconded by Bergeson and upon vote being taken
thereon, the following voted in favor thereof: Bergeson, Elliott,
Kuether, Neal, Reinert.
The following voted against same: none.
Where upon said resolution was declared duly passed and adopted: