HomeMy WebLinkAbout1996-167 Council ResolutionCouncil member Neal
move its adoption:
introduced the following resolution and
CITY OF LINO LAKES
RESOLUTION NO. 96-167
RESOLUTION TRANSFERRING FUNDS FROM T.I.F. DISTRICT 1-1 TO THE AREA
AND UNIT FUND, CLOSED BOND FUND AND SURFACE WATER MANAGEMENT
FUND FOR ASSESSMENT PAYMENTS FOR BLUE HERON
WHEREAS, Blue Heron is in T.I.F. District 1-4, and
WHEREAS, the assessments were to be paid by the City in the form of assistance, and
WHEREAS, the City's T.I.F. attorney has suggested that the City payoff the assessments with
T.I.F. District 1-1 funds, and
WHEREAS, the total amount owing is $65,350.02.
NOW THEREFORE BE IT RESOLVED, that the following transfer be authorized.
Increase Decrease
Area and Unit Fund (406)
Closed Bond Fund (301)
Surface Water Man. (422)
T.I.F. 1-1 (407)
$20,286.48
36,504.00
8,559.54
($65,350.02)
Adopted by the City Council of Lino Lakes this 16th day of December, 1996.
Marilyn G. Anderson, Clerk Treasurer
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: