HomeMy WebLinkAbout1995-098 Council ResolutionCouncil member
Bergeson
resolution and move its adoption:
introduced the following
CITY OF LINO LAKES
RESOLUTION NO. 95-98
RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS FROM
THE CLOSED BOND FUND TO THE ESCROW FUND
WHEREAS, after review of escrow accounts ended June 30, 1995 by Finance and
Planning, and
WHEREAS, there are outstanding escrows that cannot be collected, and
WHEREAS, Oakbrook Peninsula escrow should be written off as the 3% administrative fee
was paid, and
WHEREAS, this amount is $3,688.49
WHEREAS, the other outstanding escrows are as follows:
49 Club 165.20
Molin Concrete (33.74)
Francis Lichtscheidl .10
Kevin McLevish 10.00
NOW THEREFORE BE IT RESOLVED, that the following transfer be authorized.
Closed Bond Fund (301)
Escrow Fund (801)
Increase Decrease
(3, 830.05)
3,830.05
Adopted by the City Council of Lino Lakes this 14th day of August, 1995.
Vernon F. Reinert - Mayor
cLA
Marilyn G/Anderson, Clerk Treasurer
The motion for the adoption of the foregoing resolution was duly seconded by
Elliott and upon vote being taken thereon, the following voted in favor thereof:
Bergeson, Elliott, Kuether, Neal, Reinert.
RESOLUTION No. 95 - 98
Page -2-
The following voted against same: None.
Where upon said resolution was declared duly passed and adopted: