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APR eB '93 11.53AM R ASSOCIATES P.423 <br /> ember then introduced the <br /> Couricilm <br /> following resolution and moved its adoption: <br /> RESOLUTION NO. <br /> TiNG TO $1,075,00 0 GENERAL <br /> RESOLUTION IMLA FORM AND 1�E"TAILS <br /> OBLIGATION IMPROVEMENT EONDS, SERIES <br /> AWARDING THE SALE, EDUNG T A DELIVERY <br /> A 1 OF AND PROVIDING SECURITY ND LEVYING AD <br /> �C]F AND <br /> VALOREM TAXES FOR THE PAYMENT 'THEREOF <br /> BE 1'T RESOLVED by the City Council of the city of Falcon Heights, <br /> Minnesota (the City), as follows: <br /> Section 1. Reci s sr' ,ti in an Sal rids. <br /> 1.01. AAthori a LAze. This Council has heretofore ordered a local <br /> improvement project designated as the 1993 Street total pursuant to Minnesota <br /> 'Improvement) to be CC?riS�Ucwithin W1th� the cost Improvement is &9 <br /> Statutes, Chapter 429. The present estimated +'i`i' <br /> follows: <br /> 13,40 <br /> 2 <br /> Estimated Project Costs $1,013 <br /> Costs of Issuance 10, <br /> Discount Allowance <br /> Capitalized Interest $1082,540 <br /> Subtotal 5+10} <br /> Less: Interest Eaniztgs <br /> Total <br /> determines to issue and sell $1,075,000 principal amount of <br /> This <br /> Council hereby ement Bonds, dries 1993. of the City (the Bonds) to <br /> defray e r Obligation incurred lx and estimated to be incurred by the in snaking the <br /> d the ex item of cost of the kinds authorized in Minnesota <br /> Innp�roveinent, including every interest as prided in <br /> Statutes, Section <br /> 475.65, and representing ed Ehlers and provided in <br /> r4inneso� Statutes, Section 47556. The City issuance of the <br /> to act as financial advisor to the City in connection wi h the <br /> without meeting the <br /> determined to sell the Bonds <br /> Bonds, and it is hereby Section 475.60, subdivision <br /> 1, pursuant to the e <br /> requirements as to public salsas Minnesota contained clause t9) of <br /> Minnesota Statutes, Section 475.60, subdivision 2. <br /> The Ci has received sealed bids for the <br /> 1.02. �1� has is that of <br /> pvxdtase of the Bonds. The most favorable propel <br />