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<br />. ~ , ., <br />f .- <br /> i <br /> ~. . <br /> 06 1/ ~esolution No. 2022 <br /> f' - <br /> Extract of Minutes of Meeting of the <br /> City Council of the City of New Brighton, <br /> Ramsey County, Minnesota <br /> Pursuant to due call and notice thereof, a Regular <br /> meeting of the City Council of the City of New Brighton, Minnesota, <br /> was duly held at the City Hall in said City on -Tuesday, the 14th <br /> - <br /> day of March 1978, at 7:30 o'clock P.M. <br /> , <br /> The following members were present: <br /> Senden, Benke, Blomquist, Janecek, Werdouschegg <br /> and the following were absent: None <br /> * * * * * * * * * <br /> Councilman Senden introduced the fol- <br /> lowing written resolution and moved its adoption: <br /> RESOLUTION RATIFYING SALE OF $950,000 GENERAL <br /> OBLIGATION WATER REVENUE BONDS OF 1978, FIXING <br /> THE FORM AND SPECIFICATIONS THEREOF, PROVIDING <br /> FOR THEIR EXECUTION AND DELIVERY AND CREATING <br /> A FUND FOR THEIR PAYMENT <br /> BE IT RESOLVED by the City Council of the City of New <br /> Brighton, Minnesota, a~ follows: <br /> 1- The bid of First National Bank of st. Paul <br /> \ to purchase $950,000 General <br /> Obligation Water Revenue Bonds of 1978 of said City described <br /> below has been found and determined to be the best bid received <br /> pursuant to advertised notice of sale, and the award of sale to <br /> said bidder, is hereby ratified and confirmed, said bid being to <br /> purchase bonds bearing interest as follows: <br /> 4.90"~ - 1981/90 <br /> 5. OO"~ - 1991/93 <br /> at a price of $ 950,.000.00 plus accrued interest. <br /> 2 . To provide permanent financing for Improvement No. <br /> 75-2 and to refund the Temporary Water Improvement Bonds of 1975, <br /> dated April 1, 1975, maturing April 1, 1978, the City shall <br /> forthwith issue its negotiable coupon, General Obligation Water <br /> -1()~.J <br />