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~ ;:> ,< .,. Resolution No. 2021 Extract of Minutes of Meeting of the City Council of the City 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 14th day of March , 1978, at 7:30 0' clock P.M. The following members were present: Senden, Benke, Blomquist, Janecek, Werdouschegg and the following were absent: Non€ * * * * * * * * * Councilman Senden introduced the fol- lowing written resolution and moved its adoption: RESOLUTION RATIFYING SALE OF $435,000 GENERAL OBLIGATION IMPROVEMENT BONDS OF 1978, FIXING THE FORM AND SPECIFICATIONS THEREOF, PROVIDING FOR THEIR EXECUTION AND DELIVERY AND CREATING A FUND FOR THEIR PAYMENT BE IT RESOLVED by the City Council of the City of New Brighton, Minnesota, as follows: 1- The bid of First National Bank of st. Paul to purchase $435,000 General Obligation Improvement Bonds of 1978 of said City described below has been found and determined to be the best bid received pursuant to advertised notice of sale, and the award of sale to said bidder, is hereby ratified and confirmed, said bid being to purchase bonds bearing interest as follows: 4.80% - 1979/f,33 4.90",k, - 1984/90 5.00",k, - 1991/93 at a price of $ 435,000.00 plus accrued interest. 2 . To provide permanent financing for Improvements Nos. 75-4, 75-5, 75-6, 75-7, 75-8, 75-9 and 75-10 of the City and to refund the Temporary Improvement Bonds of 1975, dated April 1, 1975, maturing April 1, 1978, the City shall forthwith issue its negotiable coupon, General Obligation Improvement Bonds of 1978 in the aggregate principal amount of $435,000, to be dated February 1, 1978, to bear interest at the rates above set forth, ~ /),~ I