Laserfiche WebLink
�ivp CITY OF ORONO <br /> RESOLUTION OF THE CITY COUNCIL <br /> 1., � ('' No.7346 <br /> A RESOLUTION TO CLOSE THE 2016 GENERAL OBLIGATION <br /> REFUNDING BOND FUND <br /> WHEREAS,the 2016 GO Improvement Bond Fund was established to service the debt on <br /> the 2016 GO Refunding Bonds; and <br /> WHEREAS,the 2016 GO Improvement Bonds have been paid in full and has a residual <br /> balance that is available to be used to fund other City debt service needs; and <br /> WHEREAS,the 2010 Debt Service Fund requires an additional amount of$235,266.96 <br /> and; <br /> WHEREAS,the 2021 Debt Service Fund has been created to serve the 2021 GO Capital <br /> Improvement Bonds; <br /> NOW,THEREFORE,BE IT RESOLVED that the 2016 GO Improvement Bond Fund <br /> debt service fund be closed and that$235,266.96 of the residual equity be transfer to the 2010 Debt <br /> Service Fund with the balance being transferred to the 2021 Debt Service Fund. <br /> ADOPTED this /3 day of ga kt k ,;623, byCity the Council of the <br /> City of Orono. <br /> CITY OF ORONO <br /> By: rA01701 <br /> Dennis Walsh,Mayor <br /> AT ST: <br /> a Carlson, City Clerk <br />