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RESOLUTION <br />CITY Or LAU ELMO <br />WIMOMP 'the City Council on advice of its financial consultanto Juren <br />and M 14determined that advance refunding of the 1974 Park Bond issue <br />could result in a savings to the City of approximately $8G,OOOoQO over the <br />period V years for which those bonds had been Issuads A, <br />which <br />MMWAS# it appears that a refunding bond Lemue/would result in such <br />savinqu could be offered without expense to the City by reason of the fact <br />thatThe First :IatLoaal Bank of A" Paul has proposedthrough Juran and Moody <br />Procedure for refunding said bond issue which would result in no cost to the <br />City and a maxtum saving to the city, and <br />WHEREAS# said Juran and Moody have recomended advance refunding of said <br />park n issuea w y by of <br />TOMPOPOR2, HE XT RESOLVED,by <br />of Lake <br />9100 that said financial OOnSUltants* Juran and Moody# proceed forthwith 4 <br />prepare a bond offering ZOV advance refunding <br />f the said Park Bond Issue of <br />1974 In Jae ii� iys of The First national Bank <br />of <br />Adopted .d - City Councild; of _ <br />:al <br />