HomeMy WebLinkAbout1995-178 Council ResolutionCouncil Member Kuether
and moved its adoption:
introduced the following resolution
CITY OF LINO LAKES
RESOLUTION NO. 95-178
RESOLUTION TRANSFERRING FUNDS FROM THE 1989 CONSTRUCTION FUND
TO THE G.O. IMPROVEMENT REFUNDING BONDS 1992A FOR CLOSURE
WHEREAS, this construction fund was established for Sunrise Meadows and
Reshanau 4th and 5th Additions, and
WHEREAS, the construction is complete on these projects, and
WHEREAS, there remains a balance, and
WHEREAS, the 1989A Temporary Improvement Bonds were sold for these projects,
and
WHEREAS, the 1992A G.O. Improvement Refunding Bonds were sold to refinance the
1989A Temporary bonds.
NOW THEREFORE BE IT RESOLVED, by the City Council of Lino Lakes that the
transfer from the 1989 Construction Fund to the G.O. Improvement Refunding Bonds
1992A Fund be approved as follows:
Increase Decrease
G.O. Improve Bonds 1992A Fund (309) $164,772
1989 Construction Fund (453)
($164,772)
Adopted by the City Council of Lino Lakes this 11th day of December, 1995.
Vernon F. Reinert - Mayor
/? , L_
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: Elliott,
Bergeson, Kuether, Neal, Reinert.
The following voted against same:
Where upon said resolution was declared duly passed and adopted.