HomeMy WebLinkAbout1995-173 Council ResolutionCouncil Member Bergeson
and moved its adoption:
introduced the following resolution
CITY OF LINO LAKES
RESOLUTION NO. 95-173
RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS FROM
THE TAX INCREMENT 1-4 FUND TO THE ESCROW FUND
WHEREAS, Engineering, planning and legal costs were incurred on the Accutool
project, and
WHEREAS, these costs were coded to an escrow account, and
WHEREAS, these costs should be paid with tax increments from District 1-4.
NOW THEREFORE BE IT RESOLVED, by the City Council of Lino Lakes that the
transfer from the Tax Increment 1-4 Fund to the Escrow Fund be approved as follows:
Increase Decrease
Tax Increment 1-4 (410) ($5,615.28)
Escrow Fund (801) $ 5,615.28
Adopted by the City Council of Lino Lakes this 11th day of December, 1995.
Vernon F. Reinert - Mayor
Marilyn G.Anderson - Clerk Treasurer
The motion for the adoption of the foregoing resolution was duly seconded by Neal
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.