HomeMy WebLinkAbout1995-029 Council ResolutionCouncil Member Elliott introduced the
-- following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NUMBER 95-29
RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS FROM THE CLOSED BOND
FUND TO THE ESCROW FUND
WHEREAS; As of December 31, 1994, certain escows have negative
cash balances and have been determined to be
uncollectable and,
WHEREAS; A transfer must be made to cover the deficit escrows.
NOW THEREFORE BE IT RESOLVED, that $ 1,548.07 be transferred from
the Closed Bond Fund to the Escrow fund to cover the negative cash
balances as of December 31, 1994 (Apollo Business Center $56.95,
Reshanau escrow $636.70, Pond View $854.42).
Vernon Reinert, Mayor
(ft, i Lr�e7
Marilyn q. Anderson, City 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, Neal,
Reinert.
The following voted against same: None. Council Member Kuether was absent.