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<br />. -" <br /> RESOLUTION NO. 796 <br /> Extract of Minutes of Meeting of the <br /> Village Council of the Village of New Brighton, <br /> Ramsey County, Minnesota <br /> Pursuant to due call and notice thereof, a regular <br />meeting of the Village Council of the Village of New Brighton, <br />Minnesota, was duly held at the Village Hall in said village, on <br />Tuesday, the 24th day of March, 1970 at 8:00 o'clock P.M., C.S.T. <br /> The following members were present: <br />Bromander, Mo err , Morris, Nesser and Rebelein <br />and the following were absent: None <br /> * * * * * * * * * <br /> Councilman Morris introduced the following <br />resolution and moved its adoption: <br /> RESOLUTION TO ISSUE AND SELL $ 620,000 <br /> TEMPORARY IMPROVEMENT BONDS AND <br /> $408,000 PERMANENT IMPROVEMENT BONDS <br /> BE IT RESOLVED by the Village Council of the Village of <br />New Brighton, Minnesota, as follows: <br /> 1. The Village Council deems it necessary and expedient <br />to issue and sell $620,000 general obligation negotiable coupon <br />Temporary Improvement Bonds of 1970 to finance the costs of the <br />following local improvements: <br />70-2 70-10 <br />70-3 70-11 <br />70-4 70-13 <br />70-6 70-14 <br />70-8 <br />consisting of acquiring, opening and widening street right of way, <br />grading, graveling and surfacing of streets and installation of <br />curb and gutter, sanitary sewer, water main and storm sewers on <br />various streets in the Village under Chapter 429, Minnesota Statutes, <br />said bonds to be dated May 1, 1970, to bear interest payable <br />November 1, 1970 and semiannually thereafter on May 1 and November 1 <br />until maturity at the rate or rates designated by the successful <br />bidder, and to mature on May 1, 1973, all bonds being subject to <br />redemption at the option of the village at any time on or after <br />November 1, 1972 at par and accrued interest. Both principal and <br />interest shall be payable at any suitable bank designated by the <br />purchaser within 48 hours after the award of sale of the bonds, and <br />the bonds will be in such denominations as may be specified by the <br />purchaser. <br />