HomeMy WebLinkAbout2018-134CITY OFLAKE ELMO
COUNTY OF
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RESOLUTION NO. 2018-134
RESOLUTION REMOVING THE COMMITMENT ON GENERAL FUND
BALANCE
WHEREAS, the City Council of the City of Lake Elmo adopted Resolution 2016-112
placing a commitment of $200,000 on General Fund reserves for insurance deductibles; and
WHEREAS, the special underwriting conditions placed on the City which resulted in
the $200,000 deductible has now been removed; and
NOW, THEREFORE, BE IT RESOLVED by the City Council ofthe City of Lake Elmo,
that the commitment on the General Fund reserves for insurance deductibles be removed.
Dated- December4,2018.
Mike Pearson, Mayor
ATTEST: