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090 <br />COUNCIL MEETING <br />September 9, 1985 <br />Page Four <br />RESOLUTION PROVIDING FOR PUBLIC SALE <br />OF $1,850,000 GENERAL OBLIGATION <br />TEMPORARY IMPROVEMENT BONDS, SERIES 1985 <br />BE IT RESOLVED by the City Council of the City of Lino <br />Lakes, Minnesota, as follows: <br />1. It is hereby found, determined and declared that this <br />City should issue $1,850,000 General Obligation Temporary <br />Improvement Bonds, Series 1985 to defray the expense of various <br />improvements within the City. <br />2. This Council shall meet at the time and place <br />specified in the form of notice hereinafter contained for the <br />purpose of opening and considering sealed bids for, and award- <br />ing the sale of $1,850,000 General Obligation Temporary <br />Improvement Bonds, Series 1985 of said City. <br />3. The City Clerk is hereby authorized and directed to <br />cause notice of the time, place and purpose of the City and in <br />Commercial West not less than ten days in advance of date of <br />sale, as provided by law, which notice shall be in <br />substantially the form set forth in Exhibit A attached hereto. <br />4. The terms and conditions of said bonds and the sale <br />thereof are fully set forth in the "Official Terms of Offering" <br />attached hereto as Exhibit B and incorporated herein by <br />reference. <br />The motion for the adoption of the foregoing resolution <br />was duly seconded by member Bohjanen and upon a vote <br />being taken thereon, the following voted in favor thereof: <br />Benson, Reinert, Marier, Bohjanen, and Kulaszewicz. <br />and the following voted against the same: None <br />Whereupon said resolution was declared duly passed and adopted. <br />Marilyn G. Anderson, Clerk- Treasurer <br />� ! i C r - •-" -� (kit <br />Benj in 13: Benson, Mayor <br />1 <br />1 <br />1 <br />