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• <br />EXTRACT OF NIINUTES OF MEETING <br />CITY COUNCIL OF THE <br />CITY OF FALCON HEIGHTS, MINNESOTA <br />Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Falcon <br />Heights, Minnesota, was duly called and held at the City Hall in Falcon Heights, Minnesota, on Wednesday, <br />February 12; 2003. <br />The following members were present: <br />and the following members were absent: <br />Member introduced the following resolution and moved its adoption: <br />• Resolution No. 2003-04 <br />RESOLUTION CALLING FOR REDEMPTION OF OUTSTANDING <br />GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 1993, DATED MAY 1,1993 <br />WHEREAS, the City Council of the City of Falcon Heights, Minnesota (the "City"), issued on <br />behalf of the City $1,075,000 General Obligation Improvement Bonds, Series 1993, dated May 1, 1993 <br />(the "1993 Bonds"), of which $130,000 still remains outstanding; and <br />WHEREAS, all of the 1993 Bonds maturing in the years 2000 and later years are subject to <br />redemption and prepayment at the option of the City on February 1, 1999 and on any date thereafter, at <br />the price of par plus accrued interest to the date of redemption, all as provided in the resolution adopted <br />by the City Council on April 14, 1993, authorizing the issuance of the 1993 Bonds (the "1993 <br />Resolution"); and <br />WHEREAS, the City Council deems it desirable and in the best interests of the City to call those <br />Bonds maturing in.the year 2004 totaling $130,000 in principal amount, on April 1, 2003, in accordance <br />with the 1993 Resolution; and, <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Falcon Heights, <br />Minnesota, as follows: <br />• (1) All of the 1993 Bonds maturing in the year 2004, totaling $130,000 in principal amount <br />shall be redeemed and prepaid on April 1, 2003, at par, plus accrued interest. <br />l~ <br />