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HomeMy WebLinkAboutResolution 07141 , 04 D0 "11471 ?10, OIAT, I GATT W." F) Cit -v vt mf"uFAV; "'Iew, Mhow-'-fd'i U r tu C' Y L: , t " Cillinf-i I Kind, datn , t Iftiv and plaov of mw�ct 4 — 'pj i a FILLitI jI Imd oll Vahruary 12, 1476, mt WrIor-1. 1"m' fjlv: ('Ity Hall, Emnibare- pro sent j Yaynf- fit i=41 1mhr,­.m and U., mit MKoilipf v� Jid-In P,t4- Robert %h0qWtet iind Rut -ler Nium(pirti,er mambfirm fib -ant, o i j n e 11 M mi n b c r u, n a id, f UtCumnnts attdoheda minutaft OF main Invoti"Il It BILI Wi iifi PBSOLUTInN AUTH0PT7TNG, SEM -1140 AMM MAIPAKTOWMINC THE TV'RT46 OF $1,045,000 GINEPAL OBLIGATION RvrUNDING BONDS, CRZATING-A SINKING FvND THERPTOR, AM PROVIMNG FOR THRIA PAYMM, 4 "T I F- th-a uftdorsigned , -ming- the duly Qualified ons act ma - rq"rd?- liver of t�h of - ticias- vtef s r - ___m publi-a- corporation 1AAtJn'f1 the -3-bli"; titte Of thiv cerrif irate, eortifv flinf- f25t9 havot&j at drain i.bod ah*vo, ttf.ve b" -ad "Ith tho oriqi-nO en Y -s - fymp+ vh1ch--­tJwv­hww-hf%4Wii n-ro m crrrlvct I Dlr te - trAnloarint -v t_ - CA AUUN q am- -h overmim4l hmy o4i :Urjorj..nuvi, jinit correct alid cc1te!+ eopt,) .0.( all rtj.L+j� C' Lit Avon. and Other ACtiOnS tikkoo: mvi 4, - fal &C-Umentm Appcov#d hy the gov-,rning body s -t 00Y r91AtG' to said Fl� abl t tria Ono and that lurid rutin a Oar# 41%,ly hold by j Cle. quverninV body. at the time: and plAco md wa - - A L. tended __t1trDuqh*up_ �,y t%cail and natica of guah Mae-tin"q ViV#h be requin4 by law. my hind officitilly nn sUch rocordintl orf-cer .his day of rebmary 1976. Mar); Action,_ C tY Mork-AdMinistrator MA—MoAtid Title- AL) 7 I r. y I{1i.ii t�r� ir"ti w, 1Ii itic; c ff f=lc�i fir+ , r t '•!'c... ii:':f-i d.ti {'#}Ff# e?i=t 7 :4. {,T , ; of t N hs P N 0 ( 1 t-; tJ { 1 ( G � 1, �r*{ r} i f #o—t iais'ilt O}-t)7?�ii P�fut#cl�rrtf DC)n"of a fl ki.#.t r, - iin�st l f lof J = i773 3. iii �J IK i1f-f--t f PFt{i`�ri{'ii - Placed on file, for the purchase of t:hs bonds had�-CIV�A L' .. t�; r�� the tints stated in tl+a Notice of "tile for the epsni"q of bide and the +metas hart thea LL -U ---up wwu And - rete ded in the Manner stated in the NctJut- The Clerk-Adminiat'ratcr then - pretented s hit _ ebui gn ahe+�t setting forth these bidde who,a Arepeealft - ate d- - e --- - - -- -a�#�t:T_t�-the tri 1A, acvumpanisrd her -_ thO--rOgmired security: and the _ pu +�s price under — the terns of BACh tail. �- RID �= t= V T ',j I ., T Aj 11111IRMPAY fikuAkv PIPLH, J'Arl-PAY HIC-41W010.), mc, Miwiruo-AT 1-1. 1 NNT ZIT A -ULDER RATLJ YLARS b RATE JAEMIUM PIPFR. 3AFFDAY A j4f)Pt.4tX11), INry tin -,I f-:'-, a 11 It �. � vn MinArRipolis' Ainnwta Alllson-WIIIW4 COWIP44)y 6.141h Minneapolis. Minnesota 001-A, ftllw & Quail, Inc. minn6*991is, minnosota he Fivit National bank of St. Paul sto:-Pault Minnesota EHLERS AND ASSOCIATES, INC, rINANCIAL CONSULTANTS TO THE CITY FIRST NATIONAL-SOO LINE CONCOURSE 507 MARQUETTE AVENUE MINNEAPOLIS MINNESOTA TELEPHONE: 1612) M-8291 IL - !'i 1{' ., •,-�i I, FS TA is telt:[; TJj T' T)-` C,i' l l� i r ilt fj I .i5. SINUUNG I't„7t1 't�2„,i�t!•citc, lit.?n F'ROVII-TNG FAIR `I!I"IP F-Ij ir-i'r GCt=1G^Ii !`:i3Z-:sr�2 _ it,li :ind l.bl. tiif re,%oiiiticn de,ly mloptc2d? .-innL r�i + ] ' , t iia Ccltt2,•il found chat It t9oW.c1 },t, in t)irat h��t int-+-fr� ��� -- V C�.t. • t0 for Lisa tiAie of $1,(W3,000 i:i tic -n] 01A.PTL021or, Tyr*t nd inq P0111s, the proceeds to be ured, tone -thee t•it th any addit:it-mm? f'<�nt7.n of the t'ity Whi.oh Might be requ i r�ii, t” Irt—NnI ti AdVI ie e Of Mt.+,t, ,1 t y the out — r,ta11ding $130,01,10 principal iij-110tlttt (moi 1r c;~e iuttL f3ondn of 1969 and ,,tyrin p i .ap>ii unt of Cancral obliculti.m '.Meter ttevenue DL de or the City, each datod ttcveti mer 1, isoGct {}I�.,I c;.iis�ft ux referred to as the 171 V�f# Sond e'7 ). 1.02, Nntiee Of €Ale of $1 .n45,000 tacneral Oblication ���Refundi� Y published, , - {}1ora'fi3�tts;l mferrea to :$ rltk� l�'��lil�'�� �i€'�rs il c�ii�. Li�i�:3.R}iAt� - and the Council has pubicly considered all sealed bidsresented In - eolormity with the notice. 7Fho most favorable of such kids in asc€�r- - - tained- to be that of. j Ir -_ _ - ©Ron Fes+ nnsr�€� s �, anti a�n } Ays.soc ya eys”' +� purc area t � 4ftg "_t1J�- act: t.iad LAtermst - Plus. a... o - - - t�- _ and upon the further tarma and co+nditicna rat forth 3� ro�utian, It is hereby ftawid that by acorptance of note hod, . . 4rl the refunding a€ the 1960 Bonds in a�Fc*rA*nbv .Ath *hs -= -sat- furch lot minnaects ftntiutes, seeti"ifun 47±i. 7+ the- interest eo4t the CAAy 04n "e ftUh,0ft7ltitdll_.v ralurid- fro a hot of cti:vr. rate - of 5,001 for the remaining ing Rands to 5,7417t for the %ends. it is tier fort} found to +, , 1n the Ler.ts J.n.ertr:. P_ tjf tha Laity :te.ac�ospt sail bl& -The Mayor and City Clark-Admitcist:rator are directed.- to amecute in duplicate a contract- on the part of the City for the Rale f of the DondR in accorcinne�_ with the prnpcbal. described in Sectoion - t The Treasurer � ;�_.� and -to �laiivcr � duplic�tth to tli� purcit.i�r�~a. is directed to retain tho purchisfor.s' checl: socuriny the contract of taRIC Until the Donda arc dolivorod and Lite yurchnoe price -in paid, y and to return the chucks I;ecurirg nt_a=^r Liam to the respective ba iders. The I'londs m4tiir11-q ill t1l, yp ar,! 1977 UVOUgh 1.981 ishall not be Bubjec-t to red".1pti-on hitnillIe mater ltv - . fie years 1902 through 1991 allall egich b� subject co redemption and PrOP41"Unt at the option n1 the City on Yebrunry I r !qR1, ind or, any 11T 00 .10.1. numblarx, at A price _)f PAr plug worupd irltciyotq, pn t 1 P%0 of rederip- -tUm 1-dontif ,ying tht- W -MAR to he rrcleemotd ohnI3 Labl- h Pla is ednt arive nr.-. loss 4«14n1 t1jirty dFAyu prLOL! k9 01- clptr f­nd for r-44amption in r. dazjv or waukly Deriodical Puill iphed in a "-inn-c-nota -cityof the drat class or its fnvtr,-,aLlJjt_,n arca; elf t � C-Ulatin -Minli@nota And carryiho inanqji-1- 11evn'jlj Ill, part 'f -itp -lAtervIlt- On the Doncia ahAll be t,&ya_b1-.-aftminvInu-411Y cOm,,�fk.ftc_,-'v4 aft Awfiurt 1, 1116. ".v Pri'Mffl- Of and interest an the ends shall J�Lv payshiq at *rhe rirst* iP National Lash of Saint PAU%,, in isti vamulf '11inniv-4rAll. wh-10h. 91 delsia- tilp evebt -of its rosionationi removef. or incepabili4y of 40ting an PAYJn(facent, at. t',,o o'r-fice kl svxn _PaY1119_49vnt_ad� may be Arpninted by Olf- city; 2-04. The form, of �-ond, int -rust cou r)ohfq and cortif !on tioll of ---Aegal- 0-pilliclyl f1hal-t be Subatanti-.011- nn followal I rJc7 1 11 F 1 V o t t years w -A arn. to i i t } ,ff :t kii i FIV u 0 11 P. t t c t f it A -S 1 V V 0 �.Pl QU 1990 h nou 00� 99 8 S C, D 0 ri r) 1992 ns r;nr ii. 01- r; fl (ine U0 t) 00 f) 1 001 6.00'# 1 U Oar) U! . 0 Ul The I'londs m4tiir11-q ill t1l, yp ar,! 1977 UVOUgh 1.981 ishall not be Bubjec-t to red".1pti-on hitnillIe mater ltv - . fie years 1902 through 1991 allall egich b� subject co redemption and PrOP41"Unt at the option n1 the City on Yebrunry I r !qR1, ind or, any 11T 00 .10.1. numblarx, at A price _)f PAr plug worupd irltciyotq, pn t 1 P%0 of rederip- -tUm 1-dontif ,ying tht- W -MAR to he rrcleemotd ohnI3 Labl- h Pla is ednt arive nr.-. loss 4«14n1 t1jirty dFAyu prLOL! k9 01- clptr f­nd for r-44amption in r. dazjv or waukly Deriodical Puill iphed in a "-inn-c-nota -cityof the drat class or its fnvtr,-,aLlJjt_,n arca; elf t � C-Ulatin -Minli@nota And carryiho inanqji-1- 11evn'jlj Ill, part 'f -itp -lAtervIlt- On the Doncia ahAll be t,&ya_b1-.-aftminvInu-411Y cOm,,�fk.ftc_,-'v4 aft Awfiurt 1, 1116. ".v Pri'Mffl- Of and interest an the ends shall J�Lv payshiq at *rhe rirst* iP National Lash of Saint PAU%,, in isti vamulf '11inniv-4rAll. wh-10h. 91 delsia- tilp evebt -of its rosionationi removef. or incepabili4y of 40ting an PAYJn(facent, at. t',,o o'r-fice kl svxn _PaY1119_49vnt_ad� may be Arpninted by Olf- city; 2-04. The form, of �-ond, int -rust cou r)ohfq and cortif !on tioll of ---Aegal- 0-pilliclyl f1hal-t be Subatanti-.011- nn followal , : - ti' - - "lit Tf-rx'!' pf NO. V r -W, C f nclvf­.r.f .1 U r, r o r V diad vurrorlc] Up"n pr-,I--opjjjj ficintay FTVI'- L j,,,, - -1 JJIA:Wjr} , 19 "r i f t 1-1 J m fla pl:()Vido(I Yjale , III. IW been d�.,.h I ell J t If FF cAi 1,,d tot r000mpf- I on n H f -tX .1 Val 4UM f7rCim thce dnf-- hcyp ull. pr riv pi itc pell Ls this hond is un .l 14 Pl"id, or, t Calle-d for redemp- ticn, at the rate 0, Per annum. Interust Ile (6.00S) rwon 4" PRYWO ROMiannually August I of Plash vipAr, IlxI I and n Februar COMMUncing Auquat 1, 197r, bel. to maturity accordano --with_anci -----O!t the-Intere, WOW surrender f!"Pong APPurtenant hereto. Both pr',neiphl and intq_ rtrat an thill hond are paynble -4 t '"Ile Yir#�t mat4onzll nalip of haint Paul, in ff Paulp flinnonfit i-1, in n p i V. .,r cur rw n of j-11" "nitad-.* 4,1, lev el tende � Oil YOHIKICL,itIt--� LI.itfpo (-j r for puyijeatt I f vayment in - tAtn -PAYRORF. bf such prfnoip I Anit !..-+Vtont i -p! -amm .1poef-iVely a Pvf-�npt vind full flue" 010 fill! fn4try, F_ t ;Ij 4 h4lf Qui-Vivj 1; V;p- Litt} aprI are herfil-v phi,! 1,,)hr1 i onf- ef itA_l nrincipm! ft4 in t:,,n to Of ell of 11�0 ClAtF�A roiktuilt*� And t oke"Vit AR to RftrIAI nurnher, C Ar 14 _t, sur nae _of ZtjUpod j@ n zr tht. ar -hp 2 Of the Ci C -%Il n t nf 4- 7 oUtatendine -ty, do- iffhAttsd At Ymprovopit-ilt bonen fir j "evvnuv ripmd1j, all dr-tairl hif-r-Mbf-'r I Prip-) 969 and pftnt--tim and 7s full Pr0V3 iii, nm rif thi% tutiOn and ]awn of the rtmfe cif M4nner ing Minnesota Pta i i 11n, IMC-lud- --- are vf%,nrfI 1877 t1ircmell, I RI nn tjq-jr of pr pnymovit, Fjuv hor-dr, "wivilir t nrit , (-in 1 .1 htaLod Platuril'y vo-ars 1982 Urough 1-991 ar"P eiieh nubjuct to r _p.ltl t i n, ­ (�df, ths 011tion nf the city i f if! -rpt3A Vllirin t- -,I t reisir,uary inwornv- ortit-P c -.f n Unt-terR on 981, nnd on any illt@120flt Pi9molment diif-v f And accrued inturtsmi, Of at mijr he redeemed will bo pul,11_ Lhp ho.n(.10 '411(_tj nt - - -_ ____ to before the dato flxvd for rfidpriptio If -mm t1imn 30 dAy# .11 ill n nr 1­vol;!*v pr-rinmeoll. cix,r- m I'll, f-hot mij ncts, C.Clr,�-fl, and laws tho R"(1 V%j fir' tri, t j-lp i In I fqn t v n thr it h V=Hd and )dJul 4 r1cl fiew -0, In 6r&rr L ­ - snug r_it,! in -wit'l itti tvrxlm, 1--t- A- LIL time and TileMd Marmar ria go remu i rt-d , Hm t A C 1-1 Fnd Ml of t1,--a )Nt-, A tilih if SUC MatUrp F,r rc a P&YMPnt on or prio I -imn end t)rn-I - r to,,T- krUffiry latL, , aLed the "r 4 - I ­ � - )pF I)p 1:11114, INRL10, thtyrither wi th athar loign1l,y- t1j, I t. funds of 1� . ­ - E-uc!h hAn invont-1 01" -It%' Ab MmV ht rpouirr-01, p,.nrl - -h mon linued hV tht, fir-ited f-tatas uc- jyj pi��Ciur,u or curtAill of its . Aqvilciopt in nuoh amounts, mAturinq on 1. such (Ifitem, anA bearing intere-at %L huoh raten -a are raffuirf-A t€x nrciv'ri fUnar NufficiellL to pav All I'll"'h0inpi rind intvrtst --ml rvel. criPlim premiump due on the r6full� ed nrim tmn' or befcro "ohriAmAriy 1 1981, ArO irrevocably pl.napti %J011, funds and accliritieO in OnCrow for this Our- posai that tile bondn are nnya)-qj? Pr-iminrily frnm taxpfi, spacial I&A"amments and nOt rovP"VIPR Of tht wRtor AVnt9M A13pronriat"d to the 1976 Refunding Son4 pune of t�iie city, but, '4f hoonspAry for pay -th Principal_ of - And---interrat-rm- mm)- he 16vied upon P1.1 taxav)ja propprtu in th6 city ii-mitate. ft an to rate all W/,ithkpjut -4-- U44 4- 1 AM thAr the tpAuAnce Of thin bond dabb hat cause the -in _ndVJhteeVnpftr 0* t')P fit-V to wtcaed- any v-0nAtj+_M_-.. -ar­xt4tut1hry Jim]tat I Irl '49 W-1 Rrb-r thL, r JW WTIM qL VieW, )j4MA&Y U A-ty City eriuncil, hag caused tbin Lmn" t itm Whalf- by a 0 be Axecutod 4-- Of thic -RIMAVire. of the..-M two, ftyn- At fi by the n. 4oll A-1 -PLIr 4 t ire tjjg City erk with &nd­A6#iji&d_ a a of th" 01-f 4-itul INIL1121 of -- the Cityj_4md the LAU-mit cr)tjp0Ts app _hdA &&�Njd WA01111"At hijf�:O And th the ray .-arp- d the certificsto apPearinr. e AMP hereof to be executod and autnenticated by the SAW Anyor and Cit V-ar1ork-A4mjjjjjhrat atld hes CAU#Ad thin bond t6 to dme-od as of rebrury 1976. )rj --r-ity C cr -A --in tri Mtor (SHAL) rar; tar} i c tsFi t hL lira ,[, [-,:r-ri _. i.::.3 h" it �7f'Eti Cl i�1',r' �[�1lta� .c}j�—f t`rr fitr =t i;t1 !1.—; •; (lf rt+, t } i ._ 7. 1i'. � _ _ 4 l a T i, t ,c , ti,inriunc�t a, �,. i 1 i„ty t� I,T�.�;re�r � ;� ir�t, [ i (Atr� f°o yf Paul l bank of :ih� r[i }� 'hLitJ� itL_'_'fii d:IIlawful jft t Z;Ltf3`Ij' PA r,t,=, f - , t ht- nmou n t t_ .a'P3t-'cf� thO i-,Uvrout than dura � car i t t.t,n"I ,t 1 f3t citvT} n Ain€[I'l0t`1, (0-11tr4LItino PlAruric-{ dated L, of roti,Ijtar % tPtic it IJ a' Lignaturn; (ictc: im+tar? tiici_natur, tits Yc; P (Port of r•rarb f f; ,t t , A Illi reverse Vida of O.n4h band, foLinwit1q � full f'opy f)f the 1nazil tip-ir.._i „) W! cOrtify that the hhc,�_,a In a full, true and correct nnrlv €. f the I cb tl up.inicili L wid"rQd by bund chun"el on the i snue Of h0" -,,:a of the city of Yaurlds View, Ram4my county, Minnesota, which it►eludea t:he within bond, dated as of tho date' of delivery Of NO ps,ymrent for the bonds, ' (Facsimile signature) (Fact mile aignat:ure) -: city mark-AdMiniatrator Mayor 3.05. The Bands chnll tiero aged under the direction of the � _ C�Clark-AdMiniatrator and shall executed in hehal!' of the.. r - bar #hs,-#Lgnaturoff Of thn raymr AAS tqe f`1 c m 1' -4 rt.,t�, tone of -. such signatures may he a faesslmile)I and by aft#t3t:icn of a faeai± l s bf ihi o +�i� end t)ia n avant nounana t%oreto attached shall - - be: JIMMIA a and authentiw-eA by tht- -fac2JR114 ei9nstu +as of said Mayor_ af►u .Clerksi A�lminia ' i�r�. � �.. - - ' ei 0*7 ijACb %Lhd. hha11 he print '1 ..t oQ�Y of �ris a��rc�vinv... -- OPIf►3 t� he be rsn�t#reE! by 3~ett€9 cou��a+�t� cartiftad -by the f ila a;► r trastht M&r�r ard Ciex1k- irtnistretter. Atex the Sonda _ 9' Bain Ro 8011eU AAA certifi-cd, j;r[e lrcnnurar shall thereupon +l lives _010 'sma to -PUS43 Baer t,har"Of u - pen°"calpt of tic puP- . }tuaa price heretofore oereed upon and th+a Pure)A,aasr hail not be Qb i�4ad to sae to the+�i�plivatia t3f said-pur ase p cea 8ect:ieh I. Cao of florid rru%ceeda at}d f CCrucd rftercat. 3:01. The precccda of the Bands, including 4ny pzemtum and accrued interest, arc irravocablo apftfeprinta�l, tcr�r�that° with sash e d#t c Buhl be May berequired from funtin nc.,> on hand, for the pdytnent and redemption of tho aut at:Aiiciinq 1969 Dandy at tli*J:r re- spective maaturit,ion or at the var,liant dihtc harai'•afte specified for the redanpLicn LlImLour, and tar the t�aymant of lZavrest to become due an such 1968 Bonds an or beforca the inspect:ive Baton on which they are to be paid and redeemed, Tho Tipasurer in harehy autheriand 1 1 1 . t I Y f V, t 1 . f I 1 1 f 1 1j 'i v 1 1 1 " I 11i a 11 1n .'r11 1 r, t f, r r ( I i . . •. : , . ­ U!, Y ) t r( ]f * wit 1, j -1w 1 1, tit I I i'i i .='i I fit Po t11 i 11 Pa ail etI 1111"i;'A ra ri t;at}1 i rsn i ra a tl _Uj i rind whor-o cor-"Inf-A r-npi ta I a nil qu rr) 1 u n in not Ivan than $S00 00n, fin(! w1j,11 ilvit- 1q. tjij,, fUnd� so t1€ V_r'ajtvtj in securities authnri,.ri-�gid for ruch purprino )y 47,.67, r uh-- division 8, as amendcd, maturinn on such dates and hearinn inta-(!!-t "t Such ratan as ary rp�juirod to provi(Mi fundis, .4tifficior-it, with cash r&talnind in thr encrow a­i:7otjrt, to piny when dues the intarrst to acoru.c- vn the )(1641 ilonds 1--einf7 re�ujnd'"d tc, t);ojx It�%oocti-vt matilt ltv antea 1r1' fhjT en4-#, nr-,r"i n -I ff-ny- A r'r #n"-ifMA fnr 4jiiiii V- earl 4 nV re'lempti-on aid Propoyin-lit-, '111-1 0� pay thn principal amount of vaoh Of Raid 1069 hands rat maturity or at tho d0o horp'notter t1@r3lanateM for the reJomption anO propavirffnt thareaf. Whe U.;tjnr nd Map= V__ a-- f)ori Adfifinlatf a Loif aie- til nut kied to enter 1:nto all escrow Acitafff- jr.-orit wavUh aoid baht . er-Liiijiliuhinq the tacmu rind condi.tiona tor the escrow account in accordoree voith Minn'enritm Stntutom, Prict.lon 475.67 Piril-iv,.m ViinA nr­ Tj% 1,jiripS 4.01. The 1969 nonfU, includlilq interpAt they# -An will he ray - able primarily from the escrow account ectabliphad and irravocAl -Y agpropriatird for x"th purpose an of the data of dolivory of the Donilat t erefom no long as the emarow aconurt in maintained as prinvided in --thC- -QV=0W AAgrVGM4nn t- , tho ta-yoo ate-""4-ai as system revenues originaily ploriqe#1 for pa-ymvn-t---of----the ---Impr(r.*ment Sands ')f 1969 and General ftlitlPtinn Water "IrVenUin, fliand-PI reaptictivelyl will not be required for said. purpose, and shall be Available for, WY - approprintion to L -o IV -10 Parunding 13oila runo. estahlished purouarit n to Section .02 heron f, 4.01. The Handi shall L-6 pay'&!+!v from the 1976 Aef-und- _'n4 fiend PUtid-tabia astabliahed nnd Mai-ia.ijiud by than - Treasurer -as accounten the hook -Le of +!Nie Citi- Inr so lorg -.As- ant, of - tha Pitmils- are oututanding and unpaid. Moneyo in tl-ia VuAC ghgjj_ h -A - uha& ablali':to ay thr� principAl of and interear 3ri thr-, ann4s am such he . V - - comes dua, and if any PAyment of ptinuipal clx intai4alt on the 9'onds shall:14eianne -Aue-whan there- ix not au?V.eiant money I" tho rund to ifinkt, woo pay_ m*nt the Treasurat shall ad�Panr%e the amount required from the rineral fund of the rity.: Theirti shall ))sj,df_,ppajt*& in s#_id_.rund___(11__A proment funds on hanO In the !Iater Pyntnm-noneral nbliqation Polvenue end FunA ant-abliphel hy a rean-lution adopted nctohar 13# 196% and &11 --future approprintion" Of not revanuen-of tie water Pyotem-which. would hAve otharwise been credited to said Mater flymtpm 04--iiarill obli- gation Revenue Bond Fund purr uant to said zoanlutiont (ii) all ry"ents Of tAXPA and payments and prepaVm.-tne P.o of annsmontn levied gilt re- spent to tho imp/rovv�vnts financed by tho issuance of the Improvement Bonds of 1969 and alcollect .-Iona fULUrU collec.-Iona of inatiallmantn of said noweemclits ;h� taxesi and (iii) the cnilinctionn mf any tnxntq loviod pursuant to ection 4.03 hereof and any other fundn npproprinted by the Council for payment of thp Dondn. L L m 7i -,q - - C- i, ontl nr-i- t hitid, ,Viii I ahl PUZ hil"Ift t 0 f 4 01 w I 1 1, 7 f 11jej pf, Bond Yutjfi fit lu-nrt 1,� ii f ir when duo the prAijiuJI'Al fili., I consequent I y ho ad vninrom tpixop rirp 1tvi(,d tit tj.'v, titin. 11c, - I - �1 , the ful! faith, credit nn.1 t-q-infj powvrn of the c,,itv Iry p._I - rftqo 1, _ to the P&YM-611t Of thtm A-mis and, nhould n r om , i -v . ' I " v- P on Y-r-ird in the 1.976 Wundinq Postel rued (-=pt- t .,ficionpu t for mairl rpnfte, t�)P City affirmn its oeol l-dio',31% tt, jt!vy (,ddl t ii ' te P. q I ad k- r14 . I or emi L it upon 01 axab-16 prnptrry hin thp ­ity, with.:jut jimjt*A-1f,fjtj jr to rota or 4molint, to the ayfohf .1 -n SbcLloll S. Redvaltion of 1969 n Ar), itrAyo­ -1. Vic (--'1aKk-Advj1Ai9tr4tur in h;ymr*pv Authori.Med And directed Lorthwith to call �:or rodemptioti iind rre aent on rabruAry 1,1981, thawbonda of the js4allfs ff Tmprovemprit Rn-1-fo-41 rig f 10 - - F- Afited Noverriher 1, 1960, Hansahon)ift n* thn ittrun of (;rnernl Obli4atiun fInter 4evenue hands, datoe 14ovember 1, 1969, which havA AtAtod maturity d^tps In the yearn 1182 t1,rm,.h lcicil. -Oticr, of the redemption of- said bonda shall-t-publishod in accordance with the terms of tht r,*sojutjonj aittharisinq tho immunnee of the bride. -r1£ - --Alm in-jpt-ratnr - it,- dA -V -j!t. ft - -f i I -e- -wit ?, rounty Auditor of Riirg.ticy Cotit,tv a c@rt.jfj vL ed cor- of this resolution, and to obtain from the County 'Auditor a eerttfjeat- gtatinV th" the Bonds have bQ@A entered on his bond regintor As. reaui red- by. law. The c4ficerg of the City aAd 4414 CountAuditat.are -authwmixed-and t6*4*2rcia pAre -nd gut nissh to t1y w pirehasars, of- the Dt",-m I and -t-0 1X44 - V nunpol, -bar ei f J- od - 0 00ion rif all procoad- -x and records of -the City roiatim, co- tin author4sAtin-n and- ii;t1- AW-10suance of, the bon4u. and such other -affidavits- and cart UIJ.cat it. at, 0%4Y t9figUllAblY b* r80uixed to -show -the fisato relatin �Af to. -Uw 1cfalit-'y arA marketability of thu bonds as such fact# apo*ar from ecs thr of books. and rrdx or arr­o-h- -►eirwi m - t e known to thvm. -A"- :#uqh- vat t, tlied covier-f cartif icritva .and gf fl-agvItoAuAb­ h*iretofore furnishad,'conatituto repruawl, -nq an tationA Of the city at. stated therrin to have houn taken. 3,04. Tho ettv will mage no une of the proceeds of 0�0 110fida if ouch una f -*&4-4 11 be� 108114011ala1v ORA- A--- -IF -4. thereof, would have caused them to be arliit.-aae bonds under th'&* _Provisions of Section 103(d) of the United Statea Inter"4kI ppV,!krue Code. On the dqy rixed for the delivery of tF­-# Bonds, the Mayor And City Clark -Administrator shall mfnke and file in the office of the Clark -Administrator and doliver to the purch4varn a ccirtificate ill accordancq With tile provisions %)f Section 103(c.) of the internal Revenue C04o of 1954, an a, -tended, and Tronnury negulatianx, Rections .7. I.Iti l t ,7rf� J,Iti_t• 1 , :+ilii::.. !1;itt oil Lilt --1 3 i:, tri tflr ftft° cgt3r ffin Qfr ui{tyf CiTt itm>yt ftTft et f» r -i i nt(jr,:nr`p •,! t-ju fi�ci tc. f "6t�ti ril, tai3 Gf the t'rl)d` 3p. Ntich f;i(-f t-r.i i niat't't; Sttt� �'ii-t_'tiitit_{ i!Ii:t+e= "ii -t :l't €otli it, t -{3f# f'tt-i_33i2'Ttt�, lfi jr Ttfrt .-�y(�t'rt-r•ri f )Id t: the {ff DC)ttt" tY'II be Wile- iii a innnuor tint wt,t_iltl t'fftlne the r�t°indn to Y,e arhitr n'o- bands within thin the rnnaninf� of said rnde and Rerrylationn. Jit?pro4€dr tiprolo Join!%af**. Appr()Vbe: Mirk Actien Motion for: the adoption of t. al fort^inn remnlutien Ira's$ duly bevdnded by Mew— Csaurttu(Irtttpr and U11011 vote heitra -` thereon, Hin foi inwi nq voted in favor thor pof I Md; ar Johnwn and COOMI .Meerbers Ricker, Shill -quiet and 8atjnr9ertner