HomeMy WebLinkAboutResolution 6724 IiLoAto
CITY OF ORONO
RESOLUTION OF THE CITY COUNCIL
No. 6726:
9kESHO
A RESOLUTION TO CLOSE THE 2009 GENERAL OBLIGATION
REFUNDING BOND FUND
WHEREAS,the 2009 GO Improvement Refunding Bond Fund was established to service
the debt on the 2009 GO Refunding Bonds; and
WHEREAS, the 2009 GO Refunding Bonds have been paid in full; and
WHEREAS,the fund balance of the 2009 debt service is available to be used to fund other
City need; and
WHEREAS,the Pavement Management Fund requires additional funds to pay for
scheduled 2017 projects;
NOW, THEREFORE, BE IT RESOLVED that the 2009 GO Improvement Refunding
Bond Fund debt service fund be closed and that the remaining equity in the fund be transferred to
Pavement Management fund.
Adopted by the City Council of the City of Orono, Minnesota, at a regular meeting held
February 13, 2017.
ATTEST:
NLac.2. 7,
a Carlson, City Clerk Dennis Walsh, Mayor