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. , . <br /> O� . . <br /> � <br /> O � O <br /> • . CITY of ORONO <br /> � � <br /> ,, . . F <br /> �� G~' ' RESOLUTION OF THE CITY COUNCiL <br /> �`�kESI��4� NO. � � � '� . <br /> replacement proceeds of the Bonds to the extent necessary for that purpose. All terms used in <br /> this paragraph 15 shall have the meanings provided in the Code and regulations thereunder. <br /> 16. The Bonds are hereUy designated qualified tax exempt obligations for <br />- -� purposes of Sectioil 265(U)(3) of the Code: - - . - � . <br /> 17. The Prior Bonds are called for redemption and prior payment on � <br />. � FeUruary 1, 2005 and the Clerk shall give notice thereof as required by law and the tei-ms of <br /> ' the Prior Boilds. Iii addition to the proceeds of the Bonds, funds available in the accounts <br /> maintained for the Prior Bonds are appropriated for that puipose and for the payment of . <br /> issuance expenses of the Bonds. The Finance Directoz is authorized to pay, or anange for the <br /> payinent of, issuance costs on the date of delivery of the Bonds. � <br /> 18. The City Clerk shall fiu-nish a certified copy of this resolution to the <br /> • County Auditor of Hennepin County, and obtain the County Auditor's certificate as required . <br /> by law. <br /> Adopted by the City Council of the City of Orono, Minnesota, at a regular . <br /> meeting held December 13, 2004. <br /> ATTEST: <br /> . <br /> . . � ,� �� . <br /> � <br /> .. . . <br /> .: ,s�` • , ,�..�#• }L"uifla S;•�e�;'Ctty'�Clerk� . .. . , . . �� Barbara�A. terso , ayor ��r y <br /> . . ' �4" Pe n���M � . .. .. ., .� ,.��. . . <br /> , <br /> i " <br /> • i . <br /> l. <br /> ? <br /> Page 13 of 13 <br />