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� �:y;: <br /> � � �x+�� � • <br />� � � d : c�t� �� oR,oNo <br /> i � ��NX! _ <br /> ; �,� , RESOLUTION OF THE CITY COUNCIL <br /> �'. �� � NO. 2489 <br /> ��, <br /> ± • � • • <br /> ; ,�'�-<�;;��:`';' <br /> TRANSFER OF MONIES FROM THE GENERAL FUND <br /> TO THE P.I.R. FUND FOR COUNTY ROAD 15 STREET LIGHTING <br /> WITH REPAYMENT FROM SPECIAL ASSESSMENTS LEVIED <br /> AGAINST BENEFITTING PROPERTIES IN THE PROJECT AREA <br /> WHER�AS, the P.I.R. Fund has inadequate monies available <br /> at this time due to other commitments; and <br /> WHEREAS , the General Fund does have adequate monies <br /> available to provide a temporary funding source. <br /> NOW, THE�FOItE BE IT R�SOLVED, by the City Council of <br /> the City of Orono, Minnesota, that: � <br /> 1. The General Fund transfer $ 113 ,54fd.94 to the P.I.R. <br /> Fund, to be used to pay the construction costs of tt�e <br /> County Road 15 street light project , and <br /> • 2. The transfer is considered a loan and is subject to <br /> repayment from the P.I.R. Fund to the General Fund from <br /> special assessments to be levied against properties <br /> • determined to benefit from the project of both principal <br /> and interest levied under the special assessment. <br /> Adopted by the City Council of the City of Orono, <br /> Minnesota at a regular meeting held August 22, 1988 . <br /> , � ---- — – -- – ------------- <br /> . _ Jam s R. Grab`k�--�ia�r <br /> � – ATT T: ��- <br /> , � <br /> � <br /> – ``-l�' -- – -- <br /> orothy M.� allin, City Clerk� <br /> • <br /> , . . . , ,-.�- . ._ - <br /> . . . . . ,_� ';�. <br />