HomeMy WebLinkAboutCCRes_83-20CITY OF FALCON HEIGHTS
Pursuant to due call and notice thereof, a regular meeting of
. the City Council of the City of Falcon Heights, Minnesota, was duly held
at the City Hall in said City on the 22nd day of June, 1983 at 7:30 p.m.
The following members were present: Mayor Warkentien, Council-
members Ciernia, Chestovch, Eggert and Larson, and the following were
absent:. None.
Councilmember Eggert introduced the following resolution and
moved its adoption:
RESOLUTION 83-20
A RESOLUTION REQUESTING THE COMMISSIONER OF
HIGHWAYS TO AUTHORIZE PAYMENT OF A PORTION OF
BOND SALE IN THE AMOUNT OF $75,000 PRINCIPAL
PLUS INTEREST FROM THE REGULAR CONSTRUCTION
FUND FOR ALBERT STREET IN THE CITY OF FALCON
HEIGHTS
WHEREAS, the City of Falcon Heights has issued and sold bonds, dated
October 5, 1982, in the amount of $75,000 exclusively for the purpose of
establishing, locating, relocating, constructing, reconstructing or improving
its State-Aid Highways in accordance with Law.
WHEREAS, said City of Falcon Heights has irrevocably pledged to the
sinking fund from which said obligations are payable, that amount of their
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future State-Aid allotments a s is permissable by Law and needed to pay the
principal and in terest thereo n; which principal payments shall be made from
the Regular cons truction acco unt of such State-Aid fund and the interest pay-
ments made from- their Regular State-Aid maintenance account, all as detailed
herein:
YEAR DATE PRINCIPAL INTEREST TOTAL DUE
1983 9/1/83 $5,222.54 .$5,222.54
1984 3/1/84 2,979.17 2,979.17
1984 9/1/84 2,979.17 2,979.17
1985 3/1/85 $25,000.00 2,979.17 27,979.17
1985 9/1/85 2,015.63 2,015.63
1986 3/1/86 25,000.00 2,015.63 27,015.63
1986 9/1/86 1,022..32 1,022.32
1987 3/1.~f87} 25,000.00 1,022.32 26,022.32
Total .........$75,000.00 $20,226.95 $95,226.95
NOW THEREFORE, BE IT RESOLVED: That the Commissioner of Highways
be and is hereby requested to keep a bond record in his office for the City
of Falcon Heights.
BE IT FURTHER RESOLVED: That the Commissioner of Highways be and
is hereby requested upon receipt of this resolution to annually certify to
• the State Auditor the sum of money required for the principal and interest
on said bonds, as evidenced by detailed reports of the annual expenditures.
The motion for-the adoption of the foregoing Resolution was duly
seconded by Mayflr' 4Tarlcenten-and .upon a vote being taken the Following
voted in favor thereoft Mayor Warkentien, Councilmembers Ciernia, Chestovch,
Eggert and Larson, and the following voted against the same: None.
• WHEREUPON, said Resolution was declared duly passed and adopted.
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illis C. A. Warkentien, Mayor
ATTEST:
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Dewan B. Barnes, Clerk Administrator
Regular City Council Meeting of June 22, 1983
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