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. . ....--. . '. < . "' , RESOLUTION NO. 1862 , , t Extract of Minutes of Meeting of the City Council of the Ci+.y of New Brighton, Ramsey County, Minnesota Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of New Brighton, Minnesota, was duly held at the City Hall in said City on Tuesday , the 22nd day of March, 1977 at 7:30 o'clock P.M. The following members were present: Bromander, Fisher, Hardt, Senden, Werdouschegg and the following were absent: None * * * * * * * * * Councilman Werdouschegg introduced the following written resolution and moved its adoption: RESOLUTION TO ISSUE AND SELL $685,000 TEMPORARY IMPROVEMENT BONDS OF 1977 BE IT RESOLVED by the City Council of the City of New Brighton, Minnesota, as follows: 1. The City Council deems it necessary and expedient to issue and sell $685,000 negotiable coupon, general obligation Temporary Improvement Bonds of 1977 to provide financing in the amount of $685,000 for the costs, including contract price, incurred and to be incurred in connection with Improvements Nos. 77-4, 77-5, 77-6 and 77-7, consisting of opening, grad~ng, sanitary sewers, watermains, storm sewers, concrete curb and gutter, aggregate base, and bituminous surfacing, pursuant to the authority of Chapter 429, Minnesota Statutes. The City Council has made all necessary investigation, has held a public hearing after due notice regarding each improvement, and finds that each improvement will be a special benefit to property in the City and that special assessments may and will be levied on said property in an amount not less than 20% of the estimated cost of each improvement. 2. The City Council will meet at City Hall on Tuesday , the 26th day of April , 1977, at 8: 00 o' clock P.M., for the purpose of considering sealed bids for the purchase of said Temporary Improvement Bonds of 1977 which are received by the City Clerk prior to 2:00 o'clock P.M. that day. 3. The terms of such bonds and of the sale thereof shall be the terms set forth in the following Official Notice of Bond Sale, which shall be furnished to all interested bidders by the City Clerk and by T. G. Evensen & Associates, Inc. , fiscal agents for the City: #//6 ;;.