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� <br /> ' � O�' , . <br /> • O �+ O - � • <br /> - � � CITY o� ORONO _ . <br /> ,� -� � : . . - <br /> .;. � <br /> � RESOLUTION OF THE CITY COUNCIL <br /> �,�1 ��'~ ' . ° � <br /> �kESI3�4 . N0. � � � � a <br /> A RESOLUTION DECLARING INTEI�T TO <br /> REIMBURSE POLICE VEHICLE 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. This Council expects�that a portion of the acquisition costs and related <br /> expenses will be reimbursed from the proceeds of equipment certificates of indebtedness to be � . <br /> issued by the City pursuant to Minnesota Statutes, Section 412.301. The maximum principal <br /> amount of certificates to be issued for this purpose is $75,000. This resolution is for the <br /> purpose of declaring the City's official intent for purposes of Treas. Reg. § 1.150-2. <br /> • . 3. The Finance Director shall solicit proposals for the sale of the certificates <br /> from available financing sources for consideration by this Council at the regular council <br /> meeting on Monday,February 24,2003. � <br /> Adopted by the City Council of the City of Orono,Minnesota at a regular meeting held <br /> . January 27,2003. <br /> r <br /> Barbara A. Peterson,Mayor <br /> ATTEST: <br /> � <br /> Linda S. Vee, City Clerk � <br /> Word Perfect\TOM�ResolutionsVteimb Intent PDVeh R�a.wpd . <br /> • <br />