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ORONO CITY COUNCIL MEETING <br />MONDAY, AUGUST 13, 2001 <br />2. Public Hearing on Use of Funds from the Community Investment Fund- - <br />Continued <br />Mayor Peterson asked Flint if he had any questions or comments on the matter. He did <br />not. <br />White moved, and Sansevere seconded, to approve a loan in the amount of $680,000 <br />from the Community Investment Fund, with a term of 10 years and an interest rate <br />of 5.5 %, to fund the City's contribution toward the replacement of the Long Lake <br />fire station, and to approve a budget amendment to reflect the expenditure from the <br />fund. <br />Vote: Ayes 5, Nays 0. <br />CITY ATTORNEY'S REPORT <br />None. <br />*15. LICENSES <br />None. <br />• <br />*16. BILLS <br />White moved, and Sansevere seconded, to approve payment of the All Funds <br />Account. <br />Vote: Ayes 4, Nays 0. <br />ADJOURNMENT <br />The meeting was adjourned at 9:56 p.m. <br />ATTEST: <br />Linda S. Vee, City Clerk Barbara Peterson, Mayor <br />13 <br />