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�---- ' <br /> � O� <br /> • O O <br /> ��b. - CITY of ORONO <br /> � � � � <br /> '�' RESOLUTION OF THE CITY COUNCIL <br /> ��`qkE p�'�'G NO. � � � � <br /> �S� � <br /> A RESOLUTION DECLARING 1NTENT TO � <br /> REIMBURSE POLICE VEHICLE COSTS <br /> WITH EQUIPMENT CERTIFICATE PROCEEDS <br /> -, <br /> BE IT RESOLVED By the City Council of the City of Orono, Minnesota as follows: <br /> 1. The City is acquiring two police cars and an SUV for use by the Police <br /> 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 412301. The maximum principal <br /> amount of certificates to be issued for this purpose is $50,000. This resolution is for the <br /> purpose of declaring the City's official intent for purposes of Treas. Reg. § 1.150-2. � <br /> � . <br /> 3. The Finance Director shall solicit proposals for the sale of the certificates <br /> from ava.ilable fmancing sources for consideration by this Council at the regular council <br /> meeting on Monday,February 11, 2002. � <br /> Adopted by the City Council of the City of Orono,Minnesota at a regular meeting held <br /> � January 28, 2002. <br /> Barbara A. Peterson,Mayor <br /> ATTEST: . . � � <br /> ���� � �� . <br /> Linda S. Vee, City Clerk <br /> � Word PerfecdTOM�Raolutio�ulEteimb Intrnt PDV�Ra.wpd <br />