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WHEREAS, by order dated October 8, 1981, the Minnesota District Court,
<br />Tenth Judicial District, the Honorable John F. Dablow, Judge of District
<br />Court, presiding, did determine that, because in the Court's view the
<br />project as ordered by this Council varied from the improvement as origin-
<br />ally petitioned for, four affirmative votes of the Council were required to
<br />order said project pursuant to Minnesota Statutes, Section 429.031;
<br />WHEREAS, pursuant to duly published notice of sale, this Council
<br />adopted a Resolution at a special meeting on September 17, 1981, entitled
<br />"Resolution Awarding the Sale of $2,150,000 General Obligation Temporary
<br />Improvement Bonds of 1981; Fixing their Form and Specifications; Directing
<br />their Execution and Delivery; and Providing for their Payment;"
<br />WHEREAS, this Council has by Resolution adopted on this 15th day of
<br />October, 1981, and in response to the above - mentioned District Court order,
<br />ordered a portion of the originally petitioned for sanitary sewer improve-
<br />ment project, pursuant to Minnesota Statutes, Section 429.031, subdivision
<br />1, more particularly, for sanitary sewer on Highway 49 along the petitioned
<br />for route, northerly to Interstate Highway No. 35W, and there terminating;
<br />WHEREAS, the engineers for this project, Orr, Schelen, and Mayeron,
<br />have by letter dated this 15th day of October, 1981, presented a revised
<br />engineering report to the Council concerning the above - mentioned reduced
<br />project and have further indicated that said revised project is feasible
<br />and have estimated a total cost of $1,600,000 for said project;
<br />WHEREAS, in order to avoid an overissuance of the bonds sold on
<br />September 17, 1981, and with the prior consent of the purchaser thereof, it
<br />is necessary to reduce the size of said bond issue.
<br />NOW, THEREFORE, IT IS HEREBY RESOLVED by the City Council of the City
<br />of Lino Lakes, Minnesota, as follows:
<br />1. The reduced project mentioned above as ordered this day by this
<br />City Council involves the following expenses:
<br />Construction Contracts, Engineering
<br />and Contingency $1,162,000
<br />Fiscal, Administrative, Legal
<br />and Miscellaneous
<br />Capitalized Interest
<br />TOTAL
<br />209,160
<br />210,000
<br />$1,581,160
<br />2. This Council's Resolution awarding the sale of the $2,150,000
<br />General Obligation Temporary Improvement Bonds of 1981 is hereby amended to
<br />the following extents:
<br />(a) The total amount of the bond issued shall be reduced to
<br />$1,600,000;
<br />
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