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RES 85-047 RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF $2,125,000 GENERAL OBLIGATION TAX INCREMENT BONDS, SERIES 1985B
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RES 85-047 RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF $2,125,000 GENERAL OBLIGATION TAX INCREMENT BONDS, SERIES 1985B
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RES 1985
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RES 85-047 RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF $2,125,000 GENERAL OBLIGATION TAX INCREMENT BONDS, SERIES 1985B
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• of Sale to be published once in the official newspaper of <br /> the City, which is a legal newspaper having a general circulation <br /> within the City, and once in Commercial West at least ten <br /> days before the date of sale specified in the Notice of Sale. <br /> 3 . Combination of Maturities. For the purpose <br /> of complying with the provisions of Minnesota Statutes , Section <br /> 475 . 54 , subdivision 7, the maturities of, the Bonds are combined <br /> with the maturities of the City's $545, 000 General Obligation <br /> Tax Increment Bonds, Series 1985A originally dated June 1, <br /> 1985 (the Series 1985A Bonds ) in accordance with Minnesota <br /> Statutes , Section 475 . 54 , subdivision 2 . The Series 1985A <br /> Bonds are, and the Bonds when issued will be, general obligations. <br /> of the City. <br /> 4 . Sale Date., This Council shall meet at ,5 : 30 `? <br /> P.M. on 1a;ednesday;., ;Dec. _ 1985, to consider the bids and <br /> to take such other action thereon as is deemed in the best <br /> interest of the City . <br /> Mayor <br /> Attest: <br /> City C er c <br /> The motion for the adoption of the foregoing resolution <br /> was duly seconded by Councilmember .Ranallo and, <br /> upon vote being taken thereon, the following voted in favor <br /> thereof : ALL <br /> and the following voted against the same : NONE <br /> whereupon said resolution was declared duly passed. and adopted. <br /> Reviewed for 'administration: I I i� CVYLICt.--S- <br /> City Manager <br /> l ,• t <br /> -2- <br />
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