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Counc i lmember Robert Olson introduced the <br />following Resolution and moved its adoption: <br />RESOLUTION NO. 88-40 <br />RESOLUTION PROVIDING FOR THE <br />ISSUANCE AND SALE OF <br />$1,055,000 GENERAL OBLIGATION IMPROVEMENT <br />BONDS, SERIES 1988A, <br />AND LEVYING A TAX FOR THE PAYMENT THEREOF <br />BE IT RESOLVED by the City Council (the "Council") <br />of the City of Hugo, Minnesota (the "City"), as follows: <br />1. It is hereby determined: <br />(a) That the following assessable public street <br />improvement projects (the "Improvements") have <br />been duly ordered by the City and have been <br />constructed by the City or will be constructed <br />under contracts which the City has or will let <br />therefor, all pursuant to and in accordance <br />with Minnesota Statutes, Chapter 429: <br />Project Designation & Description Project Costs <br />Public Improvement Project Nos. <br />5-2-88(A) [Ingersoll Avenue/ <br />Sunset Lake] and <br />5-2-88(B) [Oneka Lake Boulevard, <br />Harrow Avenue, Goodview Avenue, <br />Falcon Avenue, 177th Street, <br />130th Street, Hyde Avenue, Homestead <br />Avenue, and 146th and 147th Street <br />railroad crossings]: <br />Construction, Engineering, and <br />Contingency $1,013,000 <br />Issuance Costs 26,000 <br />Allowance for Discount 16,000 <br />Total $1,0551000 <br />3 <br />