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37 <br />CITY OF ST. ANTHONY VILLAGE <br />RESOLUTION 10-027 <br />GIVING PRELIMINARY APPROVAL <br />FOR THE ISSUANCE OF THE CITY'S GENERAL OBLIGATION <br />STREET RECONSTRUCTION PLAN BONDS IN AN AMOUNT <br />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 />A. WHEREAS, the City Council of the City of St. Anthony, Minnesota (the <br />"City") proposes to issue its general obligation street reconstruction plan bonds (the <br />"Bonds") and adopt the City of St. Anthony, Minnesota Street Reconstruction Plan of <br />2010 through 2014 therefor (the "Plan"); and <br />B. WHEREAS, the City has caused notice of the public hearing on the <br />intention to issue the Bonds and on the proposed adoption of the Plan to be published <br />pursuant to and in accordance with Minnesota Statutes, Section 475.58, Subdivision 3b; <br />and <br />C. WHEREAS, a public hearing on the intention to issue the Bonds and on <br />the proposed Plan has been held on this date, following published notice of the hearing as <br />required by law; and <br />NOW, THEREFOR, BE IT RESOLVED by the City Council of the City of St. <br />Anthony, Minnesota, that the City hereby gives preliminary approval for the issuance of <br />up to $1,400,000 aggregate principal amount of the Bonds. The Plan is hereby adopted, <br />the same being before the City Council and made a part of these proceedings by <br />reference. The City declares its official intent to reimburse itself for the costs of the Plan <br />from the proceeds of the Bonds. <br />The motion for the adoption of the foregoing resolution was duly seconded by <br />Member _ _ and, after full discussion thereof and upon a vote being taken <br />thereon, the following voted in favor thereof: <br />and the following voted against the same: <br />Whereupon said resolution was declared duly passed and adopted. <br />