Resolution 1085 - Laserfiche WebLink

Home Browse Search

RES01,0TION DETV-PrMIN NG T11r, NrCESISTTY TiND T.��PEDIrNCII 0- .r ISSUJING SANJTARY _q_1-WEp_. ROWDS, AWARDINW, THE RALE ANI) I'T'i'INC 'J'"f4 FORM AND DETAILS TliekLlor WIMLIP-1hij - CitY hdO experienced q series of e-xtraordinaty &,iwur main M # tile F170MR-r-, thr- eatimato-i r(zpairing whic-1-1 I lar- buen $70,000.001 arid WHERRASf the vost nf rh, 1lar been advanced from the aanitary und which hall thereby bp -on deplfite41 aild WHEItZAC, It is deu.'red to revLure to the City f4ndu the CoSt of SUCh L rmp�ar inoltiding the cost of fjrdljc�ncl; I - and WHE af, tha State bank Of NeW Brightonj Minnesota, hns offorod to loan CItY $75,000-00 to covur ouch costs by the purchase or tb& City'a 1ener4l obligation sanitary Newer revenue bonds at an interest rate of 4-por annum for bonds dated March 1, 19VO Rnd-ma-turinq on March I in the years and amounts &# follows, earl 1 thru lql� i-1-1clutive, and Wtoao in the ytar 1986 All WithOUt opt.tft of prior redemption Iff RLBOLV�D, by City cenunci7of the city of VA-ewl- MinnalotAl it is rican4ary j�.hd *xpcdignt and in t'N city's beat inter6st-fo) the City to Is -sue its sis100-0.00 V6 sewaz revrnue bonds in accordance with Minnesota PtAtUtGA Section 4i4.075. 2. M offer of tho state Bank of New Brighton, Minnesota, to purchase said bo d 11'rat an interest rate of 71-par.azinum is hereby accepted- aila�-C--l-a-r-k---A-d-mi-n-intratot are hereby direclod to endorse an &COOPtAlice On a writtan affor t�n be prepared. 3. the revenues of the @*War system aro hereby pledged to the payment of rinotpal and interest an said bonds as they become due, and it 14 gtrstby astimat" th&t said revenues are and will be sufficient to Pay said principal and interest and, if such revenue should prove insti"I'Ate for such purpose the City pledges -to use anj- monien on hind in the Treanury to pay such bond. �.J- p �i- T� RES01,0TION DETV-PrMIN NG T11r, NrCESISTTY TiND T.��PEDIrNCII 0- .r ISSUJING SANJTARY _q_1-WEp_. ROWDS, AWARDINW, THE RALE ANI) I'T'i'INC 'J'"f4 FORM AND DETAILS TliekLlor WIMLIP-1hij - CitY hdO experienced q series of e-xtraordinaty &,iwur main M # tile F170MR-r-, thr- eatimato-i r(zpairing whic-1-1 I lar- buen $70,000.001 arid WHERRASf the vost nf rh, 1lar been advanced from the aanitary und which hall thereby bp -on deplfite41 aild WHEItZAC, It is deu.'red to revLure to the City f4ndu the CoSt of SUCh L rmp�ar inoltiding the cost of fjrdljc�ncl; I - and WHE af, tha State bank Of NeW Brightonj Minnesota, hns offorod to loan CItY $75,000-00 to covur ouch costs by the purchase or tb& City'a 1ener4l obligation sanitary Newer revenue bonds at an interest rate of 4-por annum for bonds dated March 1, 19VO Rnd-ma-turinq on March I in the years and amounts &# follows, earl 1 thru lql� i-1-1clutive, and Wtoao in the ytar 1986 All WithOUt opt.tft of prior redemption Iff RLBOLV�D, by City cenunci7of the city of VA-ewl- MinnalotAl it is rican4ary j�.hd *xpcdignt and in t'N city's beat inter6st-fo) the City to Is -sue its sis100-0.00 V6 sewaz revrnue bonds in accordance with Minnesota PtAtUtGA Section 4i4.075. 2. M offer of tho state Bank of New Brighton, Minnesota, to purchase said bo d 11'rat an interest rate of 71-par.azinum is hereby accepted- aila�-C--l-a-r-k---A-d-mi-n-intratot are hereby direclod to endorse an &COOPtAlice On a writtan affor t�n be prepared. 3. the revenues of the @*War system aro hereby pledged to the payment of rinotpal and interest an said bonds as they become due, and it 14 gtrstby astimat" th&t said revenues are and will be sufficient to Pay said principal and interest and, if such revenue should prove insti"I'Ate for such purpose the City pledges -to use anj- monien on hind in the Treanury to pay such bond.