Laserfiche WebLink
A RESOLUTION DECLARING REIMBURSEMENT <br />INTENT FOR SEWER PROJECTS <br />BE IT RESOLVED by the City Council of City of Orono, Minnesota as follows: <br />The City is in the process of implementing three sanitary sewer improvement projects <br />under Minnesota Statutes, Chapter 429, referred to as Webber Hills, East Long Lake and Fox Ridge <br />(the “Projects”) which will require financing. <br />The City reasonably expects to issue bonds in the maximum amount of $1,100,000 <br />to fmance the Projects and to reimburse any expenditures for the Projects with the proceeds of the <br />bonds. <br />This resolution is adopted for the purpose of complying with the requirements of <br />Treasury Regulation 1.150-2 to pemiit the reimbursement of expenditures for the Projects with the <br />proceeds of tax exempt bonds. <br />Adopted by the City Council of the City of Orono, Minnesota at a regular meeting <br />hold this 8th day of May, 2000. <br />Gabriel Jabbour, Mayor <br />ATTEST: <br />Linda S. Vee, City Clerk <br />Page 1 of 1 <br />i <br />1