HomeMy WebLinkAboutCCRes_93-09R-93-09
• RESOLUTION CALLIlVG OUTSTANDIlVG
GENERAL OBLIGATION TAX IlVCREMENT BONDS OF 1985, SERIES B
FOR REDEMP'ITON
BE TT RESOLVED by the City Council of the City of Falcon Heights,
Minnesota (the "City"), as follows:
1. The City has issued and has presently outstanding its General
Obligation Tax Inczement Bonds of 1985, Series B, dated as of December 1, 1985 (the
"Bonds").
2 The Bonds maturing in the years 1994 and 1995 are subject to
redemption and prepayment on March 1, 1993, and it is hereby determined to call all
of the Bonds maturing in the years 1994 and 1995, for redemption and prepayment
on March 1,1993 in accordance with their terms. The City Clerk is hereby
authorized and directed to take all actions necessary to provide for such redemption
and prepayment of the Bonds maturing in the years 1994 and 1995 on March 1, 1993,
and all actions taken to date by the officers of the City in connection with such
redemption and prepayment of the Bonds is hereby ratified. and affirmed.
Dated: January 27, 1993.
•
/"C/ v
Mayor
Attest:
1
'ty Clerk
C~
NOTICE OF REDEMPTION
General Obligation Tax Increment Bonds of 1985, Series B,
dated as of December 1, 1985
City of Falcon Heights, Minnesota
NOTICE IS HEREBY GIVEN THAT, the bonds of the above issue which
mature on March 1 in the years 1994 and 1995 are called for redemption and
prepayment on March 1, 1993.
The bonds to be redeemed are further described below:
CUSIl' Interest Principal
M~ Number Rate Amount
March 1, 1994 306045 DN2 7.00% $175,000
March 1, 1995 306045 DP7 7.15% 200,000
In order to receive payment of the redemption price, which is the principal amount
thereof plus accrued interest, bondholders must present their bonds to the Paying
Agent, American National Bank and Trust Company, 101 East Fifth Street, Saint
• Paul, Minnesota 55101-9976, Attention: Paying Agency Department
Interest on the bonds will cease to accrue on and after March 1, 1993.
Bondholders presenting their bonds for payment must include -their
Taxpayer Identification Number on Form W-9 to avoid withholding under the
Interest and Dividend Tax Compliance Act..
Additional information may be obtained from Ehlers and Associates,
Inc., 2950 Norwest Center, 90 South Seventh Street, Minneapolis, Minnesota 55402,
Telephone No. (612) 339-8291.
BY ORDER OF THE CITY COUNCIL
/s/ Shirley G. Chenoweth
City Clerk
•
•
•
.'
The motion for the adoption of the foregoing resolution was duly
seconded by Member Ta 1 bo t ,and upon vote being taken thereon,
the following voted in favor thereof: Baldwin, Jacobs, Ciernia, Talbot
and the following voted against the same: None. Member Susan Gehrz was absent
whereupon said resolution was declared duly passed and adopted, and was
approved and signed by the Mayor, whose signature was attested by the City Clerk.
•