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• <br />• <br />• <br />Extract of Minutes of Meeting <br />of the City Council of the City <br />of Lino Lakes, Anoka County, Minnesota <br />Pursuant to due call and notice thereof a regular meeting of the City Council of the City <br />of Lino Lakes, Anoka County, Minnesota, was held at the City Hall in the City on Monday, <br />September 25, 2006, commencing at 6:30 P.M. <br />The following members of the Council were present: <br />and the following were absent: <br />* ** * * * * ** <br />The following written resolution was presented by Councilmember who <br />moved its adoption, the reading of which had been dispensed with by unanimous consent: <br />RESOLUTION NO. 06 -148 <br />RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE <br />OF APPROXIMATELY $1,745,000 GENERAL OBLIGATION <br />WATER REVENUE REFUNDING BONDS, SERIES 2006F <br />BE IT RESOLVED By the City Council of the City of Lino Lakes, Anoka County, <br />Minnesota (the "City ") as follows: <br />1. It is hereby determined that: <br />(a) the City is authorized by Minnesota Statutes, Chapter 475 (the "Act ") and <br />Section 475.67, Subdivision 3, of the Act to issue and sell its general obligation bonds to <br />refund obligations and the interest thereon before the due date of the obligations, if <br />consistent with covenants made with the holders thereof, when determined by the City <br />