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Lake Elmo City Council Minutes <br />March 3, 2009 <br />Refunding of Bonds <br />MOTION: Council Member DeLapp moved to adopt Resolution no. 2009-007 <br />authorizing the commencement of refunding State Aid Bonds Series 2001 A, and Water <br />Improvement Bonds, Series 20028, provided the total net savings is at least $60,000 and <br />to authorize the services of Northland Securities, Inc. for this transaction. Council <br />Member Smith second the motion. The motion passed 5-0. <br />