Laserfiche WebLink
w CITY OF ST. ANTHONY <br /> RESOLUTION 95-057 <br /> A RESOLUTION CALLING FOR THE SALE OF GENERAL <br /> OBLIGATION TAX INCREMENT BONDS, SERIES 1995 <br /> M <br /> BE IT RESOLVED by the City of St. Anthony, Minnesota (the City), as follows: <br /> Section 1. impose. It is hereby determined to be in the best interests of the City to issue <br /> its General Obligation Tax Increment Bonds, Series 1995, in the principal <br /> amount of$2,650,000 (the Bonds), pursuant to Minnesota Statutes, Chapter 475 <br /> and Section 469.178, to finance public redevelopment costs of the City and the <br /> Housing and Redevelopment Authority in and for the City of St. Anthony <br /> relating to the construction of a new community center. <br /> Section 2. Terms of Proposal. Springsted Incorporated, financial consultant to the City, <br /> has presented to this Council a form of Terms of Proposal for sale of the Bonds, <br /> which is attached hereto and hereby approved and shall be placed on file with <br /> the City Clerk. Each and all of the provisions of the Terms of Proposal are <br /> • hereby adopted as the terms and conditions of the Bonds and of the sale thereof. <br /> Springsted Incorporated, as independent financial advisors, pursuant to <br /> Minnesota Statutes, Section 475.60, Subdivision 2, paragraph (9) is hereby <br /> authorized to solicit bids for the Bonds on behalf of the City on a negotiated <br /> basis. <br /> Section 3. Sale Meeting, This Council shall meet at the City Hall on Monday, November <br /> 27, 1995, at 7:00 P.M., for the purpose of considering sealed bids for the <br /> purchase of the Bonds, and of taking such action thereon as may be in the best <br /> interests of the City. <br /> Adopted this day of , 1995. <br /> Mayor <br /> ATTEST: <br /> City Clerk <br /> • Reviewed for administration: <br /> City Manager <br />