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� o� � <br /> • � � ° <br /> CITY of ORON4 <br /> � : ; � <br /> ti <br /> ti <br /> RESOLUTION OF THE CITY COUNCIL <br /> ��`9 4�G NO. ffi � � � <br /> kESi�IO <br /> A RESOLUTION DECLARING INTENT TO REIMBURSE POLICE VEHICLE <br /> COSTS AND PUBLIC WORKS CAPITAL EQUIPMENT COSTS <br /> WITH EQUIPMENT CERTIFICATE PROCEEDS <br /> BE IT RESOLVED By the City Council of the City of Orono, Minnesota as follows: <br /> 1. The City is acquiring three police cars for use by the Police Department. <br /> 2. The City is acquiring a pick up truck, a roadside mower/sweeper, and a brush <br /> chipper for use by the Public Works Department. <br /> 3. This Council expects that a portion of the acquisition costs and related expenses <br /> will be reimbursed from the proceeds of equipment certificates of indebtedness to be issued by the <br /> • City pursuant to Minnesota Statutes, Section 412.301. The maximum principal amount of certificates <br /> to be issued for this purpose is $208,000. This resolution is for the purpose of declaring the City's <br /> official intent for purposes of Treas. Reg. § 1.150-2. <br /> 3. The Finance Director shall solicit proposals for the sale of the certificates from <br /> available financing sources for consideration by this Council at the regular council meeting on <br /> Monday,Mazch 22,2004. <br /> Adopted by the City Council of the City of Orono,Minnesota at a regular meeting held <br /> February 23, 2004. ' <br /> Barbara A. Peterson,Mayor <br /> ATTEST: , <br /> ���u� �J'. �� <br /> V <br /> Linda S. Vee, City Clerk � <br /> • WordPafect\TOM�RaolutionsVte'unb_Intent PD-PW Veh Ra.wpd <br />