HomeMy WebLinkAboutCC RES 93-065 RESOLUTION AUTHORIZING ISSUANCE AND SALE OF $215,000 GENERAL OBLIGATION TAX INCREMENT REFUNDING BONDS, SERIES 1994A Meeting Sheet
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103532
Box: 26
Folder: RES 1993
Document: CC RES 93-065 RESOLUTION AUTHORIZING ISSUANCE AND
SALE OF $215,000 GENERAL OBLIGATION TAX INCREMENT
REFUNDING BONDS, SERIES 1994A
CERTIFICATION OF MINUTES RELATING TO
GENERAL OBLIGATION TAX INCREMENT REFUNDING BONDS, SERIES 1994A
• Issuer: City of St. Anthony, Minnesota
Governing Body: City Council
Kind, date, time and place of meeting: A regular meeting held on Tuesday,
November 23, 1993, at 7:00 o'clock P.M. at the City Hall.
Members present: Mayor Ranallo, Councilmembers Marks , Enrooth,
Wagner and Fleming
Members absent: None
Documents Attached:
Minutes of said meeting (pages):
RESOLUTION NO. 9 3-0 6 5
RESOLUTION AUTHORIZING ISSUANCE AND SALE OF $215,000
GENERAL OBLIGATION TAX INCREMENT REFUNDING BONDS,
SERIES 1994A
TERMS OF PROPOSAL
• I, the undersigned, being the duly qualified and acting recording officer
of the public corporation issuing the bonds referred to in the title of this certificate,
certify that the documents attached hereto, as described above, have been carefully
compared with the original records of said corporation in my legal custody, from
which they have been transcribed; that said documents are a correct and complete
transcript of the minutes of a meeting of the governing body of said corporation,
and correct and complete copies of all resolutions and other actions taken and of all
documents approved by the governing body at said meeting, so far as they relate to
said bonds; and that said meeting was duly held by the governing body at the time
and place and was attended throughout by the members indicated above, pursuant
to call and notice of such meeting given as required by law.
WITNESS my hand officially as such recording officer this .2 day of
Noy em ter- , 1993.
Cityger
•
Councilmember Wagner introduced the following
resolution and moved its adoption:
RESOLUTION AUTHORIZING ISSUANCE AND SALE OF $215,000
GENERAL OBLIGATION TAX INCREMENT REFUNDING BONDS,
SERIES 1994A
BE IT RESOLVED by the City Council of the City of St. Anthony,
Minnesota (the City), as follows:
Section 1. Purpose. It is hereby determined to be in the best interests of
the City to issue its $215,000 aggregate principal amount of General Obligation Tax
Increment Refunding Bonds, Series 1994A (the Bonds), pursuant to Minnesota
Statutes, Chapter 475, to refund the 1995 through 2001 maturities of the $545,000
General Obligation Tax Increment Bonds, Series 1985A, dated as of June 1, 1985.
Section 2. Terms of Proposal. Springsted Incorporated, financial
consultant to the City, has, presented to this Council a form of Terms of Proposal for
the Bonds, which is attached hereto and hereby approved and shall be placed on file
with the Manager. Each and all of the provisions of the Terms of Proposal are
hereby adopted as the terms and conditions of the Bonds and of the sale thereof.
Springsted Incorporated, as independent financial advisers, pursuant to Minnesota
Statutes, Section 475.60, Subdivision 2, paragraph (9) is hereby authorized to solicit
_ bids for the Bonds on behalf of the City on a negotiated basis.
• Section 3. Sale Meeting. This Council shall meet at the City Hall on Monday,
December 13, 1993, at 7:00 P.M., for the purpose of considering sealed bids for the purchase
of the Bonds, and of taking such action thereon as may be in the best interests of the City.
1),." S
Attest: `7ea
Clerk May r
The motion for the adoption of the foregoing resolution was duly
seconded by Councilmember Enrooth and upon vote being taken
thereon, the following voted in favor thereof:
Wagner, Enrooth, Ranallo, Marks, Fleming
and the following voted against the same:
None
whereupon the resolution was declared duly passed and adopted.