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<br />RESOLUTION NO. 541
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<br />Extract of Minutes of ~oeting of the
<br />Village Council of the Village of New Brighton,
<br />. Ramsey County, Mlnnesota
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<br />Pursuant to due call and notice thereof, a regular
<br />meeting of the Village Council of the Village of New Brighten,
<br />Minnesota, was duly held at the Village Hall in said village on
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<br />Tuesday, the 9th day of April, 1968 at 8:00 0 I c10ck P. H., C. S. T.
<br />The following rrerr,bers were pI \'''',,'nt:
<br />Anderson, Jeffers, Noen, ana Nesser
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<br />and the following were absent: RomELnski
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<br />Councilman Nesser introduced the following
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<br />resolution and moved its adoption:
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<br />RESOLUTION '1'0 ISSUE AND SELL $950, 000 IMPROVE~EN'l' EONDS
<br />AND $800,000 SEWAGE FACILITY BONDS
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<br />BE IT RESOLVED by the Village Council of the Village
<br />of New Brighton, Minnesota, as follows:
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<br />1. The Village Council deems it necessary and expedient
<br />to issue and sell $950,000 general obligation negotiable coupon
<br />Improvement Bonds of 1968 to provide permanent financing for Village
<br />Improvements No. 66-1, 66-2, 66-4, 66-6, 66-9, 66-],0, 66-11, 66-13,
<br />66-17, 66-21, 66-23, 66-24, 66-25, 66-26 and 66-27 of the Village
<br />and to refund the Temporary Improvement Bonds of 1966, dated June 1,
<br />1966, to the extent that special assessments on account of such
<br />improvements alI:eady collected are not sufficient for such purposes,
<br />said bonds to be dated June 1, 1968, to bear interest payable
<br />December I, 1968 and semiannually thereafter on June 1 and December 1
<br />in each year at the rate or rates designated by the successful
<br />bidder, and to mature serially on June 1 in the years and amountE
<br />as follows:
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<br />$40,000 in 1970, and
<br />$70.000 in 1971 to 1983, all years inclusive,
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<br />all without option of prior payment. The Village Cou.ncil hereby
<br />finds that each such Improvement has been duly authorized and
<br />. completed, that special assessments have been finally levied in
<br />amounts more than 20% of the cost of the improvement in each case
<br />and that t~e rewaining installments thereof will be collected at
<br />tirneE and in amOl.'.f!ts sufficient to pa.y principal of and interest
<br />on the Bonds to be iSSued.
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<br />2. The Village Council further deems it necessary and
<br />expedient to issue and sell $800,000 general obligation negotiable
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