HomeMy WebLinkAboutResolution 4813 0
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�� G'�' RESOLUTION OF THE CITY COUNCIL
��sKO4`� � NO. 4 � 1 3
A RESOLUTION TO CLOSE THE 1991 PUBLIC FACILITIES REVENUE BONDS
DEBT SERVICE FUND TO TI-� 1998 PUBLIC FACILITIES REVENUE
REFUNDING BONDS DEBT SERVICE FUND .
WHEREAS,the 1991 Public Facilities Revenue Bonds Debt Service Fund was
established to account for the payment of the said bonds principal, interest, and fiscal
agent fees; and
WHEREAS,the remaining outstanding bond principal and interest has been paid
through the cross-over refunding bonds issued in 1998, and the equity remaining in the
Fund is required to be transferred to the 1998 refunding bond fund;
NOW, THEREFORE BE IT RESOLVED,that the.1991 Public Facilities
Revenue Bonds Debt Service Fund be closed and that the remaining equity be transferred
-• to the 1998 Public Facilities Revenue Refunding Bonds Debt Service Fund, effective
December 31, 2001.
� Adopted by the City Council of the City of Orono,Minnesota at a regular meeting
held May 13, 2002.
ATTEST:
1�Gy� �'' !/�C.� `, ' .
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Linda S. Vee, City Clerk Barbara A. Peterson, Mayor .
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