HomeMy WebLinkAbout1995-097 Council ResolutionCouncil member
Elliott
resolution and move its adoption:
introduced the following
CITY OF LINO LAKES
RESOLUTION NO. 95-97
RESOLUTION AUTHORIZING THE CLOSURE OF THE 1988A G.O. IMPROVEMENT
BONDS AND TRANSFER OF FUNDS TO THE CLOSED BOND FUND
WHEREAS, the City Council authorized the early redemption of the 1988A G.O.
Improvement Bonds November 16, 1994, and
WHEREAS, these Bonds were redeemed on February 1, 1995, and
WHEREAS, there remains a balance in this fund.
NOW THEREFORE BE IT RESOLVED, that the following transfer be authorized effective
July 31, 1995.
Closed Bond Fund (301)
1988A G.O. Improvement Bond Fund (302)
Increase Decrease
266, 780.68
(266,780.68)
Adopted by the City Council of Lino Lakes this 14th day of August, 1995.
Vernon F. Reinert - Mayor
Marilyn G.'Anderson, Clerk Treasurer
ti
The motion for the adoption of the foregoing resolution was duly seconded by
Kuether 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: