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City of <br />Pequott <br />Lakes— <br />AGENDA ITEM OAA <br />REPORT TO <br />CITY COUNCIL <br />Date: June 7, 2011 <br />Submit: Transfer of Money from Library Fund to Library <br />Building Fund and Library Building Fund Loan Payment <br />Report: The Library Board has voted to transfer $2,000 <br />`-- from the Library Fund to the Library Building Fund and <br />make a payment toward the Adams Building Fund Loan. <br />See attached request and Library Board minutes. <br />Council Action Requested: Council motion authorizing a <br />transfer of $2,000 from the Library Fund to the Library <br />Building Fund and make a payment of $2,000 to Adams for <br />the Building Fund Loan. <br />