HomeMy WebLinkAbout1997-175 Council ResolutionCouncil member Bergeson introduced the following resolution and
move its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 97-175
RESOLUTION AUTHORIZING THE TRANSFER OF MONIES FROM
TAX INCREMENT 1-7 FUND
TO THE ECONOMIC DEVELOPMENT FUND
WHEREAS, personnel costs have been charged to the Economic Development Fund, and
WHEREAS, these costs are T.I.F. related, and
WHEREAS, the City's audit firm has recommended this transfer on an annual basis, and
WHEREAS, the City's Tax Increment Districts are all pooled.
NOW THEREFORE BE IT RESOLVED, that the following transfer be authorized:
Increase Decrease
E.D.A. Fund (430)
T.I.F. District 1-7 (413) ($1,108)
$1,108
Adopted by the City Council of Lino Lakes this 15th day of December, 1997.
.1h.
Marilyn G. Anderscn, Clerk Treasurer
n Landers - Mayor
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, Kuether, Lyden,
Neal, Landers.
The following voted against same: None.
Where upon said resolution was declared duly passed and adopted.