Laserfiche WebLink
5545 <br />Extract of Minutes of a Meeting of the <br />City Council of the City of <br />Little Canada, Minnesota <br />Pursuant to due call and notice hereof, a <br />meeting of the City Council of the City of Little Canada, <br />Minnesota, was duly held at the City Hall, in said City on <br />, the day of , 198_, at _ P.M. <br />The following members were present: <br />and the following were absent: <br />Member introduced the following <br />resolution and moved its adoption: <br />RESOLUTION DESIGNATING <br />CERTAIN BONDS ISSUED IN 1986 <br />AS "QUALIFIED TAX - EXEMPT OBLIGATIONS" <br />A. WHEREAS, the City Council of the City of Little <br />Canada, Minnesota (the "Issuer "), issued its $2,345,000 <br />General Obligation Bonds of 1986, consisting of $1,515,000 <br />General Obligation Storm Sewer Bonds of 1986, $340,000 General <br />Obligation State -Aid Street Bonds of 1986 and $490,000 General <br />Obligation Improvement Bonds of 1986 (the "Bonds ") after <br />August 7, 1986, the effective date of the federal Tax Reform <br />Act of 1986; and <br />B. WHEREAS, when the Bonds were issued, the Issuer made <br />a designation that it intended to qualify under Section <br />802(e)(3) of H.R. 3838 of the 99th Congress as passed by the <br />House of Representatives; and <br />Page 9 <br />