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CITY OFLAKE ELMO <br />COUNTY OF <br />lig", Agg"-aiw <br />k IL L <br />RESOLUTION NO. 2018-134 <br />RESOLUTION REMOVING THE COMMITMENT ON GENERAL FUND <br />BALANCE <br />WHEREAS, the City Council of the City of Lake Elmo adopted Resolution 2016-112 <br />placing a commitment of $200,000 on General Fund reserves for insurance deductibles; and <br />WHEREAS, the special underwriting conditions placed on the City which resulted in <br />the $200,000 deductible has now been removed; and <br />NOW, THEREFORE, BE IT RESOLVED by the City Council ofthe City of Lake Elmo, <br />that the commitment on the General Fund reserves for insurance deductibles be removed. <br />Dated- December4,2018. <br />Mike Pearson, Mayor <br />ATTEST: <br />