HomeMy WebLinkAboutResolution 4468 �—
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'� RESOLUTION OF THE CITY COUNCIL
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A RESOLUTION DECLARING REIMBURSEMENT
INTENT FOR SEWER PROJECTS
BE IT RESOLVED by the City Council of City of Orono,Minnesota as follows:
The City is in the process of implementing three sanitary sewer improvement proj ects
under Minnesota Statutes,Chapter 429,referred to as Webber Hills,East Long Lake and Fox Ridge
(tlie "Projects")which will require financing. "
The City reasonably expects to issue bonds in the maximum amount of$1,100,000
to fmance the Projects and to reimburse any expenditures for the Projects with the proceeds of the
bonds. � .
This resolution is adopted for the purpose of complying with the requirements of
Treasury Regulation 1.150-2 to pernut the reimbursement of expenditures for the Projects with the
• proceeds of tax exempt bonds.
Adopted by the City Council of the City of Orono,Minnesota at a regulaz meeting
held this 8th day of May, 2000.
Gabri Jabbour,Mayor
ATTEST: ,
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. i da S. Vee, City Clerk
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