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No. R-92-52 <br />C7 <br />CITY OF FALCON HEIGHTS <br />C O U N C I L R E S O L U T I O N <br />Date: 12 9 92 <br />RESOLUTION CALLING FOR A PUBLIC HEARING ON <br />THE ISSUANCE OF GENERAL OBLIGATION TAX <br />INCREMENT REFUNDING BONDS <br />• <br />BE IT RESOLVED by the city council of the City of Falcon Heights <br />as follows: <br />1. Proposed Refunding Bonds. The city has previously issued its <br />General Obligation Tax Increment Bonds of 1984, Series B (the "1984 Bonds"), <br />originally issued in the principal amount of $600,000 and presently <br />outstanding in the principal amount of $520,000, and its General Obligation <br />Tax Increment Bonds of 1985 (the "1985 Bonds"), originally issued in the <br />principal amount of $1,300,000 and presently outstanding in the principal <br />amount of $1,000,000. To realize debt service savings it has been proposed <br />that the city issue refunding bonds in one or more series the ( "Refunding <br />Bonds") to refund all or a portion of the 1984 Bonds and the 1985 Bonds. <br />2. Public Hearina. Prior to the issuance of the Refunding Bonds <br />the city council is required by Section 147(f) of the Internal Revenue Code <br />of 1986, as amended, to hold a public hearing on the issuance of the <br />Refunding Bonds. A public hearing is hereby scheduled to be held on the <br />issuance of the Refunding Bonds on or about 7 P.M. on January 13, 1993 at the <br />city hall. The city clerk is hereby authorized and directed to cause notice <br />of such public hearing to be published in the official newspaper of the city <br />not less than 14 days prior to the date of the hearing. <br />/"~ <br />Approved by ~%~~~~ rL~=~-c~ <br />Mayor <br />BALDWIN 12j9/92 <br />CIERNIA 5 In Favor Date <br />GEHRZ <br />JACOBS 0 Against ~`~~ <br />GIBBON TALBOT -f <br />Attested by .,,~c' ~aaz~•,~ <br />Ci Clerk <br />12j9/92 <br />Date <br />• <br />