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Sherburn council approves $31,343.75 transfer from TLR bond savings to general fund
Summary
Council passed Resolution 2026-7 to transfer $31,343.75 from the Temperance Lake Ridge bond savings to the general fund to cover the 2019B debt service payment, following a roll-call vote recorded in the meeting.
The Sherburn City Council approved Resolution 2026-7 at its March 16 meeting to transfer $31,343.75 from the Temperance Lake Ridge (TLR) bond savings account to the general fund to cover a 2019B debt service payment.
Council moved and seconded the resolution, the clerk called the roll and the resolution was approved. The motion was described as a routine funding transfer to ensure debt-service obligations are met. No additional discussion or fiscal contingency was recorded on the public record during the meeting.
The action was processed as part of the regular agenda following consent items; the council proceeded to subsequent business after the roll call confirmed the resolution’s adoption.
