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MOUNDS VIEW CITY COUNCIL Regular Meeting <br />March 24, 1980 Page 14 <br />Meyers noted that the bond was a revenue <br />producing bond that also was backed by <br />the full faith and credit of the City. <br />It was noted that Resolution 1098 <br />superceded Resolution 1085. Rowley <br />moved the adoption of Resolution 1098, <br />Authorizing the Sale of Revenue Bonds <br />for the Two Sewer Breaks in 1979. <br />Forslund seconded the motion. <br />4 ayes <br />The motion carried. 0 nays <br />City At=orney noted that he had been 29. LAUNCHING PAD <br />notifiea that the Launching Pad had <br />submitted a Bond for $5,000 pursuant <br />to the City's Codes and now submitted <br />$5,000 in cash to be escrow in lieu <br />of that bond. He stated to City Council <br />that this would satisfactorily meet the <br />intent of the Code. There was no action <br />necessary by the City Council. <br />Mayor called for any other business to 30. ADJOURNMENT <br />come before the City Council, upon <br />hearing none, he requested a motion <br />for adjournment. Rowley moved the <br />adjournment of the March 24, 1980 <br />meeting. Forslund seconded the motion. <br />The motion carried. <br />4 ayes <br />0 nays <br />The motion was adjourned at 11:55 P.M. <br />itted, <br />4000" <br />ru e e son <br />Acting Clerk- Administrator <br />