Laserfiche WebLink
B ' <br /> //-� <br /> �� �� <br /> � O O <br /> ��e. - CITY of ORONO <br /> � � � - - <br /> �� G�' RESOLUTION OF THE CITY COUNCIL <br /> ��sKO�`'� rvo. 4 � 1 � <br /> A RESOLUTION TO CLOSE THE 2000 SEWER CONSTRUCTION FUND <br /> TO THE 2000 IMPROVEMENT BOND DEBT SERVICE FUND <br /> WHEREAS,the 2000 Sewer Constxuction Fund was established to account for the <br /> proceeds provided by the issuance of the 2000 G.O. Improvement Bond, and the <br /> disbursement of said proceeds for payment of construction costs for sanitary sewer <br /> improverrients to the project areas identified as East Long Lake, Fox Ridge and Webber <br /> Hills; and <br /> WHEREAS, the projects have been completed and the costs have been paid, <br /> including construction contracts,legal,engineering,fiscal and miscellaneous costs,and the <br /> remaining equiTy of the Fund is no longer required; and <br /> WHEREAS,any remaining construction fund equity must first be transferred to the <br /> • fund servicing the debt generated for the improvement projects if any such debt remains . <br /> unpaid, and <br /> WHEREAS, the 2000 G.O. Improvement Bond has outstanding unpaid bond <br /> principal; <br /> NOW, THEREFORE BE IT RESOLVED,that the 2000 Sewer Construction Fund <br /> be closed and that the remaining equity be transferred to the 2000.Improvement Bond Debt <br /> Service Fund, 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 /> ������ �"` -----�.. <br /> � <br /> (�.Q.� �-�'l� <br /> Linda S. Vee, City Clerk Bazbara A. Peterson,Mayor <br /> WP�Raoluaons\TOhnClose2000Const Rea.wpd <br /> • <br />