HomeMy WebLinkAbout1995-174 Council ResolutionCouncil Member Kuether introduced the following resolution
and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 95-174
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 Emtech
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:
Tax Increment 1-4 (410)
Escrow Fund (801)
Increase Decrease
($6,298.89)
$6,298.89
Adopted by the City Council of Lino Lakes this 11th day of December, 1995.
Mari yn G. Anderson - Clerk Treasurer
Vernon F. Reinert - Mayor
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.
The following voted against same: None
Where upon said resolution was declared duly passed and adopted.