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33 <br />CITY OF ST. ANTITONY VILLAGE <br />RESOLUTION 08-022 <br />RESOLUTION CALLING FOR PUBLIC HEARING ON <br />THE INTENTION TO ISSUE GENERAL OBLIGATION CAPITAL <br />IMPROVEMENT PLAN BONDS AND THE PROPOSAL TO <br />ADOPT A CAPITAL, IMPROVEMENT PLAN THEREFOR <br />A. WHEREAS, pursuant to Minnesota Statutes, Section 475.521 the City of St. <br />Anthony, Minnesota (the "City") may issue bonds to finance capital expenditures under its <br />capital improvement plan (the "Plan") without an election provided that, among other things, <br />prior to issuing the bonds the City adopts the Plan after a public hearing thereon and publishes a <br />notice of its intention to issue the bonds and the date and time of a hearing to obtain public <br />comment on the matter; and <br />B. WHEREAS, the City Council will hold a public hearing on its intention to <br />issue general obligation capital improvement plan bonds (the "Bonds") and to adopt the Plan <br />therefor pursuant thereto on April 8, 2008; and <br />NOW, THEREFOR, BE IT RESOLVED by the City Council of the City of St. Anthony, <br />Minnesota, that the City Council hereby calls for a public hearing on its intent to issue the <br />Bonds and to adopt the Plan therefor, such hearing to be held on the date and time set forth in <br />Exhibit A attached hereto. The City Council is hereby directed to cause the notice to be <br />published at least 10 but not more than 28 days before the hearing in the official newspaper of <br />the City or a newspaper of general circulation in the City. <br />The motion for the adoption of the foregoing resolution was duly seconded by member <br />and, after full discussion thereof and upon a vote being taken thereon, <br />the following voted in favor thereof: <br />and the following voted the same: <br />Whereupon said resolution was declared duly passed and adopted. <br />