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CITY OF ORONO <br />RESOLUTION OF THE CITY COUNCIL <br />NO. 6598 <br />A RESOLUTION TO CLOSE THE 2005 HRA PUBLIC PROJECT <br />REVENUE BOND FUND <br />WHEREAS, the 2005 HRA Public Project Revenue Bond Fund was established to service <br />the debt on the 2005 HRA Public Project Bonds; and <br />WHEREAS, the 2005 HRA Public Project Bonds were refunded as part of the 2014 <br />General Obligation Bond sale; and <br />WHEREAS, the fund balance of the 2005 fund is needed to service the debt on the 2014 <br />bonds; <br />NOW, THEREFORE, BE IT RESOLVED that the 2005 HRA Public Project Revenue <br />Bond debt service fund be closed and that the remaining equity in the fund be transferred to the <br />2014 General Obligation Bond debt service fund. <br />Adopted by the City Council of the City of Orono, Minnesota, at a regular meeting held <br />March 14, 2016. <br />ATTEST: <br />Tiegs, City Clerk <br />� S- . 41r, kAxt`' <br />Lili Tod McMillan, Mayor <br />