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���0 CITY OF ORONO <br /> RESOLUTION OF THE CITY COUNCIL <br /> y�q �ti��� No. 6 9 2 3 <br /> kESi.{O <br /> A RESOLUTION TO CLOSE THE 2005 HRA PUBLIC FACILITES BOND FUND <br /> WHEREAS,the 2005 HRA Public Facilities Bond Fund was established to service the <br /> debt on the 2005 HRA Public Facility Revenue Bonds; and <br /> WHEREAS, the 2005 HRA Public Facility Revenue Bonds have been paid in full; and <br /> WHEREAS,the fund balance of the 2005 debt service fund is available to be used to <br /> fund other City need; and <br /> WHEREAS, 2005 HRA Public Facility Bonds were originally sold to fund the purchase <br /> and establishment of the Big Island Nature Park; and <br /> WHEREAS,the Big Island Fund has been established to fund activities and <br /> improvements at Big Island Nature Park; <br /> NOW, THEREFORE,BE IT RESOLVED that the 2005 HRA Public Facilities Bond <br /> Fund be closed and that the remaining equity in the fund be transferred to Big Island Fund. <br /> Adopted by the City Council of the City of Orono, Minnesota, at a regular meeting held <br /> December 10, 2018. <br /> ATTEST: <br /> a Carlson, City Clerk Dennis Walsh, Mayor <br />