Laserfiche WebLink
� �� <br /> O � p CITY of ORONO <br /> � � �:e�=� ,� RESOLUTION OF THE CITY COUNCIL <br /> � ��. ''J ,y <br /> ,�'„ � �, �t�' �, N0. e��-� � <br /> ; ti, <br /> ��9�f og'�'G <br /> ESH <br /> � A RESOLUTION TO CLOSE THE 1980 G.O. Il��PROVEMEN'I' BONDS DEBT <br /> SERVICE FUND TO THE WATER OPERATING FUND . <br /> WHEREAS, the 1980 G.O. Improvement Bonds Debt Service Fund was <br /> established to account for the payment of the said bonds principal, interest and fiscal agent fees; <br /> and <br /> . W�IEREAS, all outstanding bonds were called on March 1, 1994, the fir.al <br /> payment of bond principal, interest and fiscal agent fees having been then made, and the <br /> remaining residual equity of the Fund is no longer required; . and <br /> WHEREAS, the City can designate the use of the residual equity for any general <br /> • purpose. <br /> NOW, TH�EREFORE, BE IT'RESOLVED that the 1980 G.O. Improvement <br /> bonds Debt Service Fund be closed and that the residual equity at December 31, 1994 be <br /> transferred to the Water Operating Fund to be used as a funding source of the G.O. Water and <br /> Sewer Revenue Bonds of 1989. <br /> . Adopted by the City Council of the City of Orono, Minnesota at a regular meeting <br /> . held on the 13th day of February, 1995. <br /> AT ST: <br /> � ' ' ~ <br /> Dorothy M a lin, City Clerk ard'J. Callahan, Jr! ayor <br /> J. Diann Goette , Acting Mayor <br /> • <br /> � Fam5005 DiskOrono <br />