HomeMy WebLinkAbout1997-174 Council ResolutionCouncil member Bergeson introduced the following resolution and moved its
adoption:
CITY OF LINO LAKES
RESOLUTION NO. 97- 174
RESOLUTION TRANSFERRING FUNDS FROM THE AREA AND UNIT FUND
TO THE 1992 A G.O. IMPROVEMENT BOND FUND TO ELIMINATE
THE DEFICIT
WHEREAS, The 1992 Bond Fund has a deficit balance, and
WHEREAS, these bonds were originally sold to finance the West Central Trunk, and
WHEREAS, in 1995, funds were transferred to the Area and Unit Fund from TIF funds to defray
the cost of the trunk.
NOW THEREFORE BE IT RESOLVED: That the following transfer be adopted.
Increase Decrease
Imp. Bonds 1992A (309) $257,000
Area and Unit Fund (406) ($257,000)
Adopted by the Lino Lakes City Council this 15th day of D-cember, 1997.
z
hn Landers -Mayor
f i i ahs 1, )• C •L��:ti 1
Marilyn G. Anderson, Clerk -Treasurer
The motion for the adoption of the foregoing resolution was duly seconded by Council Member Lyden
and upon vote being taken thereon, the following voted in favor thereof: Bergeson, Lyden, Neal,
Kuether, Landers.
The following voted against same: None .
Where upon said resolution was declared duly passed and adopted: