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• Member Wallin introduced the following resolution <br />and moved its adoption: <br />RESOLUTION NO. R-90-3 <br />RESOLUTION RELATING TO $115,000 GENERAL OBLIGATION <br />IMPROVEMENT BONDS OF 1990; AUTHORIZING THE <br />ISSUANCE AND CALLING FOR THE PUBLIC SALE THEREOF <br />• <br />~BE IT RESOLVED by the City Council of the City of <br />Falcon Heights, Minnesota (the City), as follows: <br />1. Authorization. It is hereby determined that it is <br />necessary for the. City to issue and sell its General Obligation <br />Improvement Bonds of 1990 in the principal amount of $115,000 <br />(the Bonds) to finance the cost of various improvements in the <br />City being undertaken by the City pursuant to Minnesota <br />Statutes, Chapter 429. $1,725 of the principal amount of the <br />Bonds represents interest as provided in Minnesota Statutes, <br />Section 475.56. <br />It is hereby determined that the City Clerk shall <br />receive and open sealed bids for the purchase of the Bonds on <br />February 14, 1990, at 12:30o'clock P.M., and this Council shall <br />meet at 7:00 o'clock P.M. that same date to award the sale. <br />2. Sale. This Council shall meet at the time and <br />place specified in the notice of sale hereinafter prescribed <br />for the purpose of receiving sealed bids and awarding sale of <br />the Bonds. The City Clerk is hereby authorized and directed to <br />cause notice of the time, place and purpose of said sale to be <br />published at least ten days in advance of the bid opening in a <br />legal newspaper having general circulation in the City, and in <br />Northwestern Financial Review, published in Minneapolis, <br />Minnesota, which notice shall be in substantially the following <br />form: <br />• <br />