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Resolution 8077 <br /> Page 2 <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of <br /> Mounds View, Minnesota, as follows: <br /> 1. The City Council hereby approves the issuance of the Bonds to <br /> refund the Series 2005A Bonds to achieve at least the statutorily required debt service <br /> savings. <br /> 2. The City Council hereby affirms its obligations under the Joint <br /> Powers Agreement to pay its applicable share of the debt service on the Bonds. The <br /> Mayor and City Administrator are hereby authorized to execute on behalf of Mounds <br /> View, to Blaine a note, certificate or other instrument evidencing the pledge of Mounds <br /> View's full faith and credit and taxing powers to pay the applicable share of debt service <br /> on the Bonds in accordance with the Joint Powers Agreement and to carry out on behalf <br /> of Mounds View, Mounds View's obligations thereunder. <br /> Adopted this 25th day of March, 2013. <br /> oe Flaherty, Mayor <br /> ATTEST: <br /> James Ericson, City Administrator <br /> (seal) <br /> B-2 <br /> 420641v1 JSB BL140-17 <br />