HomeMy WebLinkAboutResolution 2001-074EXTRACT OF MINUTES OF A MEEING OF THE
CITY COUNCIL
OF THE CITY OF LAKE ELMO, MINNESO'T'A
HELD- SEPTEMBER 18, 2001
Pursuant to due call and notice thereof, a regular meeting of the City Council (the
"Council ") of the City of Lake Elmo (the "City "), Washington County, Minnesota, was
duly called and held at the City Hall in said City on September 1.8, 2001 at 6:00 p.m.
The following members were present: Hunt, Armstrong, DeLapp, Dunn, Siedow
and the following members were absent: none.
Member Siedow introduced the following resolution and moved its adoption:
RESOLUTION 2001 -074
RESOLUTION APPROVING THE FINANCING OF CERTAIN CITY BONDS
WHEREAS, the City has an upcoming issuance of approximately $1,080,000
State Aid Road and Improvement Bonds of 2001 (the "Bonds "); and
WHEREAS, Juran & Moody, a division of Miller Johnson. Steichen Kinnard,
Incorporated ( "Juran & Moody") has indicated a willingness to purchase the Bonds upon
receipt from the City, County, and School. District of various required information; and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Lake Elmo, Minnesota as follows:
1. The Mayor, Administrator and Finance Director are hereby jointly authorized
to approve the sale of certain Bonds to Juran & Moody in the amount
illustrated to this Council on this date at such time as Juran & Moody advises
that it has received the required information.
2. That within 72 hours of the foregoing approval, this City Council will meet to
adopt the necessary resolution drafted by bond counsel.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Lake Elmo, Minnesota as follows:
The motion for the adoption of the foregoing resolution was duly seconded by
Member Armstrong, and upon vote bring taken thereon, the following voted in favor
thereof: Hunt, Armstrong, DeLapp, Dunn, Siedow and the following voted against the
same: none.
Whereupon said resolution was declared duly passed and adopted. on
September 18, 2001.
ATTEST
r
Mary L. Xueffner�V`
City Administrator
Lee Hunt
Mayor