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Resolution 0714
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00500 - 00999 (1970-1979)
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Resolution 0714
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Last modified
10/24/2019 12:47:10 PM
Creation date
10/24/2019 12:33:38 PM
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MV City Council
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Resolutions
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!'i 1{' ., •,-�i I, <br />FS TA is telt:[; TJj T' T)-` C,i' l l� i r ilt fj <br />I .i5. <br />SINUUNG I't„7t1 't�2„,i�t!•citc, lit.?n <br />F'ROVII-TNG FAIR `I!I"IP F-Ij ir-i'r <br />GCt=1G^Ii !`:i3Z-:sr�2 _ it,li :ind <br />l.bl. tiif re,%oiiiticn de,ly mloptc2d? .-innL r�i + ] ' , t iia Ccltt2,•il <br />found chat It t9oW.c1 },t, in t)irat h��t int-+-fr� ��� -- V C�.t. • t0 <br />for Lisa tiAie of $1,(W3,000 i:i tic -n] 01A.PTL021or, Tyr*t nd inq P0111s, the <br />proceeds to be ured, tone -thee t•it th any addit:it-mm? f'<�nt7.n of the t'ity <br />Whi.oh Might be requ i r�ii, t” Irt—NnI ti AdVI ie e Of Mt.+,t, ,1 t y the out — <br />r,ta11ding $130,01,10 principal iij-110tlttt (moi 1r c;~e iuttL f3ondn of 1969 and <br />,,tyrin p i .ap>ii unt of Cancral obliculti.m '.Meter ttevenue DL de <br />or the City, each datod ttcveti mer 1, isoGct {}I�.,I c;.iis�ft ux referred to as <br />the 171 V�f# Sond e'7 ). <br />1.02, Nntiee Of €Ale of $1 .n45,000 tacneral Oblication ���Refundi� <br />Y published, <br />, - <br />{}1ora'fi3�tts;l mferrea to :$ rltk� l�'��lil�'�� �i€'�rs il c�ii�. Li�i�:3.R}iAt� - <br />and the Council has pubicly considered all sealed bidsresented In - <br />eolormity with the notice. 7Fho most favorable of such kids in asc€�r- - - <br />tained- to be that of. j Ir <br />-_ _ - <br />©Ron <br />Fes+ nnsr�€� s �, anti <br />a�n } Ays.soc ya eys”' +� purc area t � <br />4ftg "_t1J�- act: t.iad LAtermst - Plus. a... o - - - <br />t�- _ and upon the further tarma and co+nditicna rat forth 3� <br />ro�utian, It is hereby ftawid that by acorptance of note hod, . . <br />4rl the refunding a€ the 1960 Bonds in a�Fc*rA*nbv .Ath *hs -= <br />-sat- furch lot minnaects ftntiutes, seeti"ifun 47±i. 7+ the- interest eo4t <br />the CAAy 04n "e ftUh,0ft7ltitdll_.v ralurid- fro a hot of cti:vr. rate - <br />of 5,001 for the remaining ing Rands to 5,7417t for the %ends. it <br />is tier fort} found to +, , 1n the Ler.ts J.n.ertr:. P_ tjf tha Laity :te.ac�ospt <br />sail bl& <br />-The Mayor and City Clark-Admitcist:rator are directed.- to <br />amecute in duplicate a contract- on the part of the City for the Rale f <br />of the DondR in accorcinne�_ with the prnpcbal. described in Sectoion <br />- t The Treasurer <br />� ;�_.� and -to �laiivcr � duplic�tth to tli� purcit.i�r�~a. <br />is directed to retain tho purchisfor.s' checl: socuriny the contract of <br />taRIC Until the Donda arc dolivorod and Lite yurchnoe price -in paid, <br />y and to return the chucks I;ecurirg nt_a=^r Liam to the respective ba iders. <br />
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