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r <br />f.-- <br />I <br />i' <br />t " <br />h <br />A RBSOLOTION GOVERNING BUILDING MONIES <br />Staff* and <br />HHBBBAS, it desires to do so in the most effective <br />matter for its taxpayers, and <br />WHBRBAS* the City has established a Building Fund of <br />million dollars, and <br />•msBKAS the City is doing the initial financing through <br />a lease o«n Hoasin, and Redevelopment <br />Authority, and <br />NHSSKkS. the cash set aside in the Building Fund is used <br />£oc helping deJtay the cost of the building, and <br />MHERBAS, the Council determines it appropriate to have a <br />S2 milliOTTprinlcpal balance in the fund upon completion of the <br />lease purchase, and <br />WHBBBAS, there is a need for certain interests from <br />these moneys to support the General Fund, and <br />WHBBBAS, the City Council does not want the principal <br />used in any manner except listed help. <br />MOW, THBBBFOBB BB IT RBSOLVED, that the Orono City <br />restrictions: <br />A The principal reduction from year to year can not be <br />grealL than $I million - by number or years of the <br />bonds. <br />B.That part of the annual interest can be diverted to <br />EfeVd-f^rarr^fC —b ‘hrb^r-roc%"rc%\^^ <br />rl ■