HomeMy WebLinkAbout1996-166 Council ResolutionCouncil member Neal introduced the following resolution and
move its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 96-166
RESOLUTION TRANSFERRING FUNDS FROM T.I.F. DISTRICT 1-1
TO T.I.F. 1-4 FOR PAST EXPENSES
WHEREAS, T.I.F. District 1-4 has past administrative costs that will not be recovered, and
WHEREAS, the City's T.I.F. attorney has suggested that the City reimburse this fund from T.I.F.
1-1 funds, and
WHEREAS, the total amount owing is $22,122.
NOW THEREFORE BE IT RESOLVED, that the following transfer be authorized.
Increase Decrease
T.I.F. 1-4 (410) $22,122
T.I.F. 1-1 (407)
($22,122)
Adopted by the City Council of Lino Lakes this 16th day of December, 1996.
Mar
yn G Anderson, Clerk Treasurer
LCf
n Landers - Mayor
The motion for the adoption of the foregoing resolution was duly seconded by Lyden
and upon vote being taken thereon, the following voted in favor thereof: Bergeson,
Lyden, Neal, Landers.
The following voted against same: None, Council Member Kuether was absent.
Where upon said resolution was declared duly passed and adopted: