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RESOLUTION
• Date December 21, 1998 Resolution 98-292.
Motion By Holbert Seconded By Sindt
RESOLUTION ADOPTING THE 1999
ECONOMIC DEVELOPMENT REVOLVING LOAN FUND BUDGET
BE IT RESOLVED, by the City Council of the City of Lakeville, Minnesota, that the following
Economic Development Revolving Loan Fund Budget is hereby approved and adopted for the fiscal
year ending December 31, 1999.
1999
Revenues
Principal on ERF loan $ 11,260
Interest on ERF loan 5,393
Interest on Investments 3,884
Total Revenues 20,537
Expenditures
Other Charges and Services -
Total Expenditures -
Net Increase/(Decrease) 20,537
Fund Balance, January 1 56,411
Fund Balance, December 31 $ 76,948
APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 21st day of December, 1998.
CITY O KEVILLE
BY:
Duane Zaun, May
/r t
EST:
Charlene Friedges, City Cler