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i <br /> t • <br />� � <br /> j � � ���: d CitY o� ORONO <br /> ,_z. �J <br /> 1 • h �, <br /> �� .-� R�SOLUTION OF THE CITY COUNCIL <br />. ",:51: <br />; "�, � NO. 2450 <br />:Y -- � � � � -- ---_- _ _, ___, <br /> � <br /> r: • <br />;;� <br /> A <br />:t <br /> � A RESOLIITION TO CLOSE THE G.O. STATE AID 1979 ROAD <br /> a °BOND DEBT SERVICE FIIND TO THE P.I.R. FIIN1D AGCOIINT FOR <br />,� ROAD AND BRIDGE CONSTRIICTION, MAIPTENANCE AND REPAIR PROJECTS <br /> �`M <br /> � WH$REAS, the G.O. State Aid 1979 Road Bond Debt Service <br /> .� Fund was established to account for the payment of said bond <br /> . principal and interest; and <br />� WHEREAS , the final payment of bond principal and ' <br /> interest was on April 1 , 1988 and the remaining fund balance of <br /> • $7,3PJ9.96 at May 31, 1988 is no longer required for debt service; <br /> and <br /> WHERSAS, on June 22 , 1987 the City established the <br /> • P.I.R. Fund Account for Road and Bridge Construction, Maintenance <br /> and Repair Projects so that a source of funds would be available <br /> • for road/br idge proj ects. <br /> ' NOW, THEREFORE BE IT RESOLVED, that the G.O. State Aid <br /> 1979 Road Bond Debt Service Fund be closed and that the fund <br /> balance at May 31, 1988 of $7,309.96 be transferred to the P.I.R. <br /> . Fund Account for Road and Bridge Construction, Maintenance and <br />� ' Repair Projects. <br />. Adopted by the Orono City Council of the City of Orono, <br /> Minnesota at a regular meeting held June 13, 1988. <br /> � <br /> mes R. Grabe , Mayor <br /> � ATTE T: <br /> : '� . <br /> `,D othy allin, City Clerk . <br /> � <br />