2003-153 Council Resolution - Laserfiche WebLink

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2. The Council hereby calls for an election to be held pursuant to Chapter 205 on Tuesday, November 4, 2003, from 7:00 a.m. to 8:00 p.m. relating to the authorization by the electors to issue the Bonds. 3. The question to be voted on shall read as follows: QUESTION 1: SHOULD THE CITY OF LINO LAKES BE AUTHORIZED TO ISSUE AND SELL ITS GENERAL OBLIGATION BONDS IN AN AGGREGATE AMOUNT NOT TO EXCEED $3,615,000 TO PROVIDE FUNDS FOR THE IMPROVEMENT AND RECONSTRUCTION OF THE STREETS SHOWN IN THE CAPITAL IMPROVEMENT PROGRAM FOR 2004 AND 2005, AND TO PAY 89% OF THE DEBT SERVICE ON SUCH BONDS WITH A PROPERTY TAX LEVY ON ALL TAXABLE PROPERTY IN THE CITY? 4. The City Clerk is hereby directed to (i) publish and post the notice of election in the City's official newspaper, substantially in the form attached hereto as Exhibit A at least two weeks before the election; (ii) publish a sample ballot in the City's official newspaper at least one week before the election; (iii) post a sample ballot in City Hall for public inspection, and at each polling place, at least four days before the election; and (iv) provide written notice of the election to the County Auditor of the County of Anoka at least 49 days before the election, • including the date of the election and title and language for the ballot question; all as required by Chapter 205. 5. The City finds and determines that the foregoing recitals are true and correct. 6. The City hereby declares its official intent to use proceeds of indebtedness to reimburse itself for Reimbursement Expenditures. This declaration is made solely for purposes of establishing compliance with the requirements of Section 1.150-2 of the Treasury Regulations. This declaration does not bind the City to make any expenditure, incur any indebtedness, or proceed with the Project. 7. This resolution shall take effect from and after its adoption. Adopted this 8th day of September, 2003. ATTEST: Ann Blair, City Clerk CITY OF LINO LAKES, MINNESOTA 2