Laserfiche WebLink
No. R -92 -53 <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 /> 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 Hearing. 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 /> Moved by Approved by <br /> Mayor <br /> BALDWIN 12j9/92 <br /> CIERNIA In Favor Date <br /> GEHRZ <br /> JACOBS Against <br /> GIBSON TALBOT <br /> Attested by <br /> City Clerk <br /> 12/9/92 <br /> Date <br />