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Koko <br /> CITY OF ORONO <br /> RESOLUTION OF THE CITY COUNCIL <br /> NO. 6 j E'' <br /> 4kESHO <br /> A RESOLUTION TO CLOSE THE 2004 GENERAL OBLIGATION <br /> REFUNDING BOND FUND <br /> WHEREAS,the 2004 GO Improvement Refunding Bond Fund was established to service <br /> the debt on the 2004 GO Improvement Refunding Bonds; and <br /> WHEREAS, the 2004 GO Improvement Refunding Bonds have been paid in full; and <br /> WHEREAS,the fund balance of the 2004 debt service fund is available to be used to fund <br /> other City need; and <br /> WHEREAS, the Pavement Management Fund requires additional funds to pay for <br /> scheduled 2017 projects; <br /> NOW, THEREFORE, BE IT RESOLVED that the 2004 GO Improvement Refunding <br /> Bond debt service fund be closed and that the remaining equity in the fund be transferred to <br /> Pavement Management fund. <br /> Adopted by the City Council of the City of Orono, Minnesota, at a regular meeting held <br /> February 13, 2017. <br /> ATTEST: <br /> jrzpi <br /> Anna Carlson, City Clerk Dennis Walsh, Mayor <br />