HomeMy WebLinkAbout1996-174 Council ResolutionCouncil Member Neal introduced the following resolution and
moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 96-174
RESOLUTION TRANSFERRING FUNDS FROM THE 1990 CERTIFICATE OF
INDEBTEDNESS FUND TO THE CLOSED BOND FUND FOR CLOSURE
WHEREAS, the Certificates were paid in full in January, and
WHEREAS, there remains a balance of $6,367, and
WHEREAS, the Closed Bond Fund accounts for all excess funds from paid bond funds.
NOW THEREFORE BE IT RESOLVED, by the City Council of Lino Lakes that the
transfer from the 1990 Certificate of Indebtedness Fund for closure to the Closed Bond
Fund be approved as follows:
Closed Bond Fund (301)
Increase Decrease
$6,367
1990 Certificate of Indebtedness (305) ($6,367)
Adopted by the City Council of Lino Lakes this 16th day of December, 1996.
Anderson - Clerk Treasurer
o 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.