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'tr <br />EXTRACT OF MINUTES OF A MEETING OF THE <br />CITY COUNCIL OF THE <br />CITY OF MOUNDS VIEW, MINNESOTA <br />HELD: April 12, 1993 <br />Pursuant to due call and notice thereof, a regular or <br />special meeting of the City Council of the City of Mounds View, <br />Ramsey County, Minnesota, was duly held at the City Hall. in said <br />City on the 12th day of April, 1993, beginning at 7;00 o'clock <br />.M. for the purpose in part of authorizing the competitive <br />negotiated sale of the $2,310,000 General .Obligation Water <br />Revenue Refunding Bonds, Series 1993A, of said City. <br />The following Councilmembers were present: <br />idayor Linke, Councilmembers nuick, Blanchard, Rickaby, Wuori <br />and the following were absent: <br />None <br />Councilmember Quick introduced the following <br />resolution and moved its adoption: <br />• P,ESOLUTION NO. 4360 <br />RESOLUTION PROVIDING FOR <br />THE COMPETITIVE NEGOTIATED <br />SALE OF $2,310,000 <br />GENERAL OBLIGATION WATER REVENUE REFUNDING BONDS, <br />SERIES 1993A <br />A. WHEREAS, the City Council of the City of Mounds <br />View, Minnesota, has heretofore determined that it is necessary <br />and expedient to issue the City's $2,310,000 General Obligation <br />Water Revenue Refunding Bonds, Series 1993A (the "Bonds"), to <br />refund in advance of maturity the 2001 through 2013 maturities of <br />the City's General Obligation Water Revenue Bonds, Series 1991A, <br />dated May 1, 1991; and <br />B. WHEREAS, the City has retained Springsted <br />Incorporated, in Saint Paul, Minnesota ("Springsted"), as its. <br />independent financial advisor for .the Bonds and is therefore <br />authorized to sell the Bonds by a competitive negotiated sale in <br />accordance with Minnesota ,Statutes, Section 475.60, Subdivision <br />2(9): <br /> <br />236781 <br />