HomeMy WebLinkAbout1995-181 Council ResolutionCouncil Member Neal introduced the following resolution
and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 95-181
RESOLUTION TRANSFERRING FUNDS FROM THE 1991 CONSTRUCTION FUND
TO THE CLOSED BOND FUND FOR CLOSURE
WHEREAS, this construction fund was established for Pine Ridge 1st Addition,
Brandywood 1st Addition, Pheasant Hills 1st Addition, Wenzel Farms 1st and 2nd
Addition, and Reshanau Lake Trunk, and
WHEREAS, the construction is complete on these projects, and
WHEREAS, there remains a balance, and
WHEREAS, the Closed Bond Fund accounts for all excess funds from closed
construction funds.
NOW THEREFORE BE IT RESOLVED, by the City Council of Lino Lakes that the
transfer from the 1991 Construction Fund to the Closed Bond Fund be approved as
follows:
Increase Decrease
Closed Bond Fund (301) $144,400
1991 Construction Fund (454)
($144,400)
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 Bergeson
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.