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• <br />Member Ciernia <br />resolution and moved its adoption: <br />introduced the following <br />RESOLUTION DETERMINING TO ISSUE $335,000 <br />GENERAL OBLIGATION CAPITAL NOTES OF 1990 <br />• <br />BE IT RESOLVED by the City Council of the City <br />of Falcon Heights, Minnesota (the "City") as follows: <br />1. It is hereby determined that the City issue <br />its General Obligation Capital Notes of 1990 in the principal <br />amount of $335,000 (the "Notes"), pursuant to Minnesota Statutes, <br />Section 412.301, to finance the purchase of capital equipment <br />by the City. <br />2. The principal amount of the Notes exceeds one <br />percent of the net tax capacity of the City. As required <br />by Minnesota Statutes, Section 412.301, the Notes shall not <br />be issued for a least ten days after publication of this <br />resolution in the official newspaper of the City. If before <br />the end of the ten days following such publication, a petition <br />asking for an election on the proposition of issuing the <br />Notes signed by voters of the City equal to ten percent of <br />the number of voters at the last regular municipal election <br />of the City is filed with the City Clerk, the Notes shall <br />not be issued until the proposition of their issuance has <br />been approved by a majority of the votes cast on the question <br />at a regular or special election of the City. <br />3. The City Clerk is hereby authorized and directed <br />to publish a copy of this resolution in the official newspaper <br />of the City. <br />Adopted by the City Council on January 10, 1990. <br />Mayor <br />Attest: <br />City C erk <br />• <br />