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CITY OF LAKE ELMO, MINNESOTA <br />RESOLUTION NO. 2004-073 <br />A RESOLUTION APPROVING AMENDMENTS TO CAPITAL <br />IMPROVEMENT PLAN AND AUTHORIZING THE ISSUANCE OF <br />GENERAL OBLIGATION CAPITAL IMPROVEMENT PLAN BONDS <br />BE IT RESOLVED by the City Council of the City of Lake Elmo, Minnesota (the <br />"City "), as follows: <br />WHEREAS, the City has published notice of its intent to hold a hearing on <br />the issuance of capital improvement plan bonds under Minnesota Statutes, Section <br />475.521 (the "Bonds ") and proposed amendments to the City's Capital <br />Improvement Plan (the "Amendments "), at Ieast fourteen (14) but not more than <br />twenty -eight (28) days prior to the date hereof, pursuant to and in accordance with <br />Minnesota Statutes, Section 475.521; and <br />WHEREAS; the City Council (the "Council ") held a public hearing on the date <br />hereof on the Amendments and on the issuance of the Bonds; <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br />CITY OF LAKE ELMO, MINNESOTA, that the City Council hereby a) authorizes the issuance <br />of the Bonds in an amount not to exceed $4,090,000 and b) approves the Amendments. <br />ADOPTED by the City Council by a vote of at least three -fifths of the members <br />hereof this 31 st day of August, 2004. <br />Lee Hunt, Mayor <br />ATTEST: <br />