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17 <br />RESOLUTION <br />GIVING PRELIMINARY APPROVAL <br />FOR THE ISSUANCE OF THE CITY'S GENERAL OBLIGATION <br />STREET RECONSTRUCTION PLAN BONDS <br />IN AN AMOUNT NOT TO EXCEED $1,400,000 AND <br />ADOPTING THE CITY OF ST. ANTHONY, MINNESOTA STREET <br />RECONSTRUCTION PLAN OF 2010 THROUGH 2014 THEREFOR <br />WHEREAS, the City Council of the City of St. Anthony, Minnesota (the "City") proposes to <br />issue its general obligation street reconstruction plan bonds (the "Bonds") and adopt the City of St. <br />Anthony, Minnesota Street Reconstruction Plan of 2010 through 2014 therefor (the "Plan"); and <br />WHEREAS, the City has caused notice of the public hearing on the intention to issue the <br />Bonds and on the proposed adoption of the Plan to be published pursuant to and in accordance with <br />Minnesota Statutes, Section 475.58, Subdivision 3b; and <br />WHEREAS, a public hearing on the intention to issue the Bonds and on the proposed Plan has <br />been held on this date, following published notice of the hearing as required by law. <br />NOW, THEREFOR, BE IT RESOLVED by the City Council of the City of St. Anthony, <br />Minnesota, that the City hereby gives preliminary approval for the issuance of up to $1,400,000 <br />aggregate principal amount of the Bonds. The Plan is hereby adopted, the same being before the <br />City Council and made a part of these proceedings by reference. The City declares its official intent <br />to reimburse itself for the costs of the Plan from the proceeds of the Bonds. <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, the <br />following voted in favor thereof: <br />and the following voted against the same: <br />Whereupon said resolution was declared duly passed and adopted. <br />