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3011 <br />that the Mayor of the Village of Falcon Heights and the <br />Village Clerk are hereby authorized and directed to execute <br />for and on behalf of and in the name of the Village of <br />Falcon Heights an agreement between the Village Council and <br />the Commissioner of Highways wherein the Village agrees to <br />maintain at its sole expense the frontage roads provided for <br />in the agreement. <br />CERTIFICATION OF VILLAGE CLERK <br />I herby certify that the foregoing resolution i$ a true and <br />correct copy of a resolution presented to and adopted by the <br />Village Council of the Village of Falcon Heights, Ramsey <br />County, TJlinnesota, at a duly authorized meeting thereof held <br />on the 2~.th day of September, 1970, as shown by the minutes <br />of .said meeting in my possession. <br />VILLAGE CLERK <br />VILLAGE OF FALCON HEIGHTS <br />RAI~iSEY COUNTY <br />Improvement Bonds Black moved that the Village adopt the following resolution: <br />of 1960 - 1 Rede~ned Ecklund seconded and the motion carried. <br />Resolution 70-18: <br />RESOLUTION AUTHORIZIPdG THE i~.EDEt1PTION OF OUTSTANDING tivATER <br />P'IAIN Il~Ii'ROVr~NT BONDS OF 1960-1 <br />WHEREAS: <br />A. $x.8,000. j~~ater Main Improvement Bonds of 1960-1 of <br />the Village remain outstanding. <br />B. The Village of Falcon Heights holds $38,000. of <br />said bonds in the Sinking Fund of the Refunding Sanitary <br />Seger Improvement Bonds of 1963 Fund, and $10,000. of said <br />bonds in the Sinking Fund of the Larpenteur Avenue and <br />Water Main Improvement Fund. <br />C. Under the terms of the resolution authorizing said <br />bonds, $10,000. of said bonds (bonds Nos. 59 to 68, both <br />inclusive) may be redeemed as of September 1, 1970 at par <br />plus accrued interest plus a premium of $30. per bond, and <br />$38,000. of said bonds (bonds nos. 2l to ,~8, both inclusive) <br />at par plus accrued interest and a premium of $20. per bond. <br />D. Sufficient funds are in the Sinking Fund for the <br />tiJater M~x1 Improvement Bonds of 1960-1 to redeem the <br />$18,000. in bonds still outstanding. <br />E. It is in the interests of the Village to redeem <br />said $x.8,000. outstanding Water I•Zain Improvement Bonds of <br />1960-1 in order to reduce the Village's outstanding bonded <br />indebtedness and thus improve its credit, and also to <br />eliminate the cost of the continued services of a paying <br />agent . <br />