Laserfiche WebLink
Member Ci erni a introduced the following resolution <br />• <br />and moved its adoption: <br />RESOLUTION NO. R-91-23 <br />RESOLUTION RELATING TO $585,000 GENERAL <br />OBLIGATION IMPROVEMENT BONDS, SERIES 1991; <br />CALLING FOR THE PUBLIC SALE THEREOF <br />BE IT RESOLVED by the City Council of the City of Falcon Heights, <br />Minnesota (the City), as follows: <br />1. Authorization. It is hereby determined that it is necessary for the <br />City to issue and sell its General Obligation Improvement Bonds, Series 1990 in the <br />principal amount of $585,000 (the Bonds) to finance local improvement projects <br />being undertaken by the City pursuant to Minnesota Statutes, Chapter 429. $8,190 of <br />the principal amount of the Bonds represents interest as provided in Minnesota <br />Statutes, Section 475.56. <br />It is hereby determined that the City shall receive and open sealed bids <br />for the purchase of the Bonds at the office of Ehlers and Associates, Inc., in <br />• Minneapolis, Minnesota in the presence of an officer of the City, on May 22, 1991, at <br />11:30 o'clock a.m., and this Council shall meet at 7:00 o'clock p.m. that same date to <br />consider the bids and award the sale. <br />2. Sale. The City Clerk is hereby authorized and directed to cause <br />notice of the time, place and purpose of said sale to be published at least ten days in <br />advance of the bid opening in a legal newspaper having general circulation in the <br />City, and in a periodical published in Minneapolis, Minnesota, giving financial <br />news and of general circulation throughout the State of Minnesota, which notice <br />shall be in substantially the following form: <br />r: <br />