Laserfiche WebLink
Lew Years Collection Years Amount <br /> 2009 2010 $198,219.97 <br /> 2010 2011 199,880.28 <br /> 2011 2012 195,286.53 <br /> 2012 2013 190,692.78 <br /> 2013 2014 186,099.03 <br /> 2014 2015 192,005.28 <br /> 2015 2016 181,899.03 <br /> 2016 2017 105,263.74 <br /> The taxes shall be irrepealable as long as any of the Improvement Bonds are outstanding <br /> and unpaid,provided that the City reserves the right and power to reduce the tax levies from <br /> other legally available funds, in accordance with the provisions of Minnesota Statutes, <br /> Section 475.61. <br /> Section 6. Defeasance. When all of the Bonds have been discharged as provided in <br /> this section, all pledges, covenants and other rights granted by this resolution to the holders of <br /> the Bonds shall cease. The City may discharge its obligations with respect to any Bonds which <br /> are due on any date by depositing with the Registrar on or before that date a sum sufficient for <br /> the payment thereof in full; or, if any Bond should not be paid when due, it may nevertheless be <br /> discharged by depositing with the Registrar a sum sufficient for the payment thereof in full with <br /> interest accrued from the due date to the date of such deposit. The City may also discharge its <br /> • obligations with respect to any prepayable Bonds called for redemption on any date when they <br /> are prepayable according to their terms, by depositing with the Registrar on or before that date an <br /> amount equal to the principal, interest and redemption premium, if any, which are then due, <br /> provided that notice of such redemption has been duly given as provided herein. The City may <br /> also at any time discharge its obligations with respect to any Bonds, subject to the provisions of <br /> law now or hereafter authorizing and regulating such action, by depositing irrevocably in escrow, <br /> with a bank qualified by law as an escrow agent for this purpose, cash or securities which are <br /> authorized by law to be so deposited, bearing interest payable at such time and at such rates and <br /> maturing or callable at the holder's option on such dates as shall be required to pay all principal, <br /> interest and redemption premiums to become due thereon to maturity or said redemption date. <br /> Section 7. County Auditor Registration, Certification of Proceedings Investment of <br /> Money, Arbitrage and Official Statement. <br /> 7.01. County Auditor Registration. The City Clerk is hereby authorized and directed to <br /> file a certified copy of this Resolution with the County Auditors of Hennepin and Ramsey <br /> Counties,together with such other information as the County Auditors shall require, and to <br /> obtain from each County Auditor a certificate that the Bonds have been entered on his bond <br /> register and the taxes described in Section 5.07 hereof have been levied as required by law. <br /> 7.02. Certification of Proceedings. The officers of the City and the County Auditors of <br /> Hennepin and Ramsey Counties are hereby authorized and directed to prepare and furnish to the <br /> • Purchaser and to Dorsey & Whitney LLP, Bond Counsel to the City, certified copies of all <br /> proceedings and records of the City, and such other affidavits, certificates and information as <br /> -13- <br />