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� <br /> /�._" <br /> % �� . <br /> � O o <br /> 1 ��e. - CITY of ORONO <br /> r! 1 G� - <br /> " <br /> �� �'�' RESOLUTION OF THE CITY COUNCIL <br /> ��kESH�S�`'� . NO. 4 � 1 � <br /> A RESOLUTION TO CLOSE THE � . <br /> 1995 G.O. REFUNDING BONDS DEBT SERVICE FUND � <br /> TO THE GENERAL FUND <br /> WHEREAS,the 1995 G.O.Refunding Bonds Debt Service Fund was established to <br /> account for the payment of the bond principal, interest, and fiscal agent fees related to the <br /> Crystal Bay area sanitary sewer debt; and <br /> WHEREAS,the final payment of bond principal and interest has been made,and the <br /> equity remaining in the Fund is no longer required; and <br /> WHEREAS,the City can designate the use of the remaining equity for any general <br /> purpose. <br /> � . NOW,TF�REEORE BE IT RESOLVED,that the 1995 G.O.Refunding Bonds Debt • <br /> Service Fund be closed and that the remaining equity be transfened�to the General Fund, <br /> effective December 31, 2001. <br /> Adopted by the City Council of the City of Orono, Minnesota at a regular meeting <br /> held May 13,2002. <br /> ATTEST: <br /> `, ,(/�.e� <br /> Linda S, Vee, City Clerk Barbara A. Peterson,Mayor � <br /> . , <br /> • WP�R�colutions\Close95DebtFund Ra.wpd <br />