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• Councilmember Marks introduced the following <br /> resolution and moved its adoption: <br /> RESOLUTION NO. 9 0-0 4 0 <br /> RESOLUTION AUTHORIZING ISSUANCE AND SALE <br /> OF $1,550,000 GENERAL OBLIGATION REFUNDING <br /> BONDS, SERIES 1991A <br /> BE IT RESOLVED by the City Council of the City of St. Anthony, <br /> Minnesota (the City), as follows: <br /> Section 1. Purpose. It is hereby determined to be in the best'interests of <br /> the City to issue its General Obligation Refunding Bonds, Series 1991A, in the <br /> principal amount of $1,550,000 (the Bonds), pursuant to Minnesota Statutes, Chapter <br /> 475, to refund, together with funds on hand as required, the 1994 through 1998 <br /> maturities of the $2,125,000 General Obligation Tax Increment Bonds, Series 1985B, <br /> dated December 1, 1985. <br /> Section 2. Terms of Bond Sale; Notice. Springsted Incorporated, <br /> financial consultant to the City, has presented to this Council a form of Official <br /> Terms of Offering for the Bonds and a Notice of Sale for publication, which shall be <br /> placed on file by the Clerk. Each and all of the provisions of the Official Terms of <br /> Offering are hereby adopted as the terms and conditions of the Bonds and of the sale <br /> thereof. The Clerk is authorized and directed to cause the Notice of Sale to be <br /> published once in the official newspaper and once in a bond trade publication at <br /> least 10 days prior to the date on which bids for the purchase of the Bonds will be <br /> received. <br /> Section 3. Sale Meetine. This Council shall meet at the City Hall on <br /> Tuesday, December 18, 1990, at 5:30 o'clock P.M, for the purpose of considering <br /> sealed bids for the purchase of the Bonds, and of taking such action thereon as may <br /> be in the best interests of the City. <br /> Mayo <br /> Attest: <br /> Clerk <br />