HomeMy WebLinkAbout1995-172 Council ResolutionCouncil Member Elliott
and moved its adoption:
introduced the following resolution
CITY OF LINO LAKES
RESOLUTION NO. 95-172
RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS FROM
TAX INCREMENT 1-6 FUND TO THE INDUSTRIAL PARK CONSTRUCTION FUND
WHEREAS, payment was received for the purchase of land in 1994 for UDOR, and
WHEREAS, the amount received was $39,000, and
WHEREAS, the payment Tess costs incurred by the City of $25,076.79 was receipted to
the Industrial Park Construction Fund, and
WHEREAS, the costs incurred by the City should be paid from Tax Increment 1-6
Fund.
NOW THEREFORE BE IT RESOLVED, by the City Council of Lino Lakes that the
transfer from the Tax Increment 1-6 Fund to the Industrial Park Construction Fund be
approved as follows:
Increase Decrease
Tax Increment 1-6 (412) ($25,076.79)
Industrial Park Const. Fund (451) $25,076.79
Adopted by the City Council of Lino Lakes this 11th day of December, 1995.
Vernon F. Reinert - Mayor
-6/y1
Marilyn G:'Anderson - Clerk Treasurer
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.