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City of <br />Pequott <br />Lakes— <br />AGENDA ITEM #3.4.A <br />REPORT TO <br />CITY COUNCIL <br />Date: February 8, 2012 <br />Subiect: Request to Pay off Building Loan and Close <br />Library Building Fund Account <br />Report: See attached memo and minutes regarding the <br />Library Board's request to pay off the building loan of <br />$6,000 and to transfer any remaining money to the Library <br />Fund. <br />Council Action Reauested: Council motion authorizing <br />the final library building loan payment to Tom Adams in <br />the amount of $6,000 from the library building fund and to <br />transfer any monies remaining in the library building fund <br />to the library fund, thus closing the library building fund. <br />