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12 <br />CN �ILZ�iT.Yi1M�Y_17c1��C11►i'��]1111/:C[i7 <br />RESOLUTION 10-021 <br />RESOLUTION CALLING FOR PUBLIC HEARING ON <br />THE INTENSION TO ISSUE GENERAL OBLIGATION STREET <br />RECONSTRUCTION PLAN BONDS AND THE PROPOSAL TO <br />ADOPT A STREET RECONSTRUCTION PLAN THEREFOR <br />A. WHEREAS, pursuant to Minnesota Statutes, Section 475.58, Subdivision 3b <br />the City of St. Anthony, Minnesota (the "City") may issue bonds to finance capital expenditures <br />under its street reconstruction 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 comment <br />on the matter; and <br />B. WHEREAS, the City Council will hold a public hearing on its intention to <br />issue general obligation street reconstruction plan bonds (the "Bonds") and to adopt the Plan therefor <br />pursuant thereto on March 23, 2010; 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 Bonds and <br />to adopt the Plan therefor, such hearing to be held on the date and time set forth in Exhibit A attached <br />hereto. The City Council is hereby directed to cause the notice to be published at least 10 but not <br />more than 28 days before the hearing in the official newspaper of the City or a newspaper of general <br />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 />