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eP <br /> d! <br /> i <br /> <br /> is <br /> S <br /> i' <br /> ij <br /> i <br /> i~ <br /> i <br /> RESOLUTION NO. 07-048 <br /> 6 <br /> 9 A RESOLUTION AWARDING THE SALE OF $ <br /> GENERAL OBLIGATION TAX INCREMENT BONDS, SERIES 2007B; <br /> FIXING THEIR FORM AND SPECIFICATIONS; <br /> I; <br /> DIRECTING THEIR EXECUTION AND DELIVERY; <br /> E ° AND PROVIDING FOR THEIR PAYMENT <br /> P~ <br /> 113E IT RESOLVED By the City Council of the City of New Brighton, Ramsey County, <br /> Minn4ta (the "City") as follows: <br /> Pf <br /> 9S <br /> ~ection 1. Sale of Bonds. <br /> ai <br /> .01. The proposal of (the "Purchaser") to <br /> purch e $ General Obligation Tax Increment Bonds, Series 2007B (the "Bonds") of <br /> the Ci described in the Terms of Proposal thereof is found and determined to lye a reasonable <br /> offer d is hereby accepted, the proposal being to purchase the Bonds at a price of <br /> $ plus accrued interest to date of delivery, for Bonds bearing interest as follows: <br /> i~ <br /> Year Interest Rate Year Interest Rate <br /> P3 <br /> ( 2013 2024 <br /> I 2014 2025 <br /> ~i 2015 2026 <br /> 2016 2027 <br /> 2017 2028 <br /> 2018 2029 <br /> 2019 2030 <br /> 2020 2031 <br /> 2021 2032 <br /> 2022 2033 <br /> 2023 <br /> w <br /> True i cost: % <br /> ~Terest <br /> 1.02. The sum of $ being the amount proposed by the Purchaser in excess <br /> of $ ' ~ shall be credited to the Debt Service Fund hereinafter created. The City i <br /> Finan Director is directed to retain the good faith check of the Purchaser, pending completion <br /> of the ale of the Bonds, and to return the good faith checks of the unsuccessful proposers. The <br /> Mayor and City Manager are directed to execute a contract with the Purchaser on behalf of the <br /> City. <br /> 310072111 SJB NE 136-214 2 <br /> I <br /> I <br /> sf <br /> ri <br /> ii <br />