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EXTRACT OF MINUTES OF A MEETING OF THE <br />CITY COUNCIL OF THE CITY OF LITTLE CANADA, MINNESOTA <br />HELD: April 8, 2015 <br />Pursuant to due call and notice thereof, a regular meeting of the City Council of' City of Little <br />Canada, Minnesota, was duly called and held at the Little Canada City Hall on Wednesday the 8°i day <br />of April, 2015 at 7:30 p.m. for the purpose, in part, of calling a public hearing on the intention to issue <br />general obligation street reconstruction plan bonds and the proposal to adopt a street reconstruction <br />plan therefor. <br />The following members were present: <br />and the following were absent: <br />Member <br />adoption: <br />introduced the following resolution and moved its <br />RESOLUTION CALLING PUBLIC HEARING ON <br />THE INTENSION TO ISSUE GENERAL OBLIGATION STREET <br />RECONSTRUCTION PLAN BONDS AND THE PROPOSAL TO <br />ADOPT A STREET RECONSTRUCTION PLAN THEREFOR <br />A. WHEREAS, pursuant to Minnesota Statutes, Section 475.58, Subdivision 3b the City of <br />Little Canada, Minnesota (the "City") may issue bonds to finance capital expenditures under its street <br />reconstruction plan (the "Plan") without an election provided that, among other things, prior to issuing <br />the bonds the City adopts the Plan after a public hearing thereon and publishes a notice of its intention <br />to issue the bonds and the date and time of a hearing to obtain public comment on the matter; and <br />B. WHEREAS, the City Council will hold a public hearing on its intention to <br />issue general obligation street reconstruction plan bonds (the "Bonds") and to adopt the Plan therefor <br />pursuant thereto on April 22, 2015; and <br />3 <br />