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... , . . , . .. . RESOLUTION NO 1996 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 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 24th day of January, 1978 at 7:30 o'clock P.M. The following members were present: Sende~, Benke, Blomquist, Janecek, Werdouschegg and the following were absent: None *** *** *** Councilman Werdouschegg introduced the following written resolution and moved its adoption: RESOLUTION TO ISSUE AND SELL $950,000 GENERAL OBLIGATION WATER REVENUE BONDS OF 1978 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 $950,000 negotiable coupon, General Obligation Water Revenue Bonds of 1978 to provide permanent financing for Improvement No. 75-02 of the City, consisting of an elevated storage tank, distribution water mains and appurtenances thereto, and to refund the Temporary Water Improvement Bonds of 1975 dated April 1, 1975, maturing April 1, 1978, to the extent that special assessments on account of such Improvements already collected are insufficient for the purpose, pursuant to the authority of Section 444.075, Minnesota Statutes. The City Council hereby finds and determines that the amount needed for such purposes is $940,000 plus $10,000 to represent additional interest upon the bonds being issued pursuant to the provisions of Section 475.56, Minnesota Statutes. The City Council further finds and determines that the improvement is part of a waterworks system within the meaning of Section 444.075, Minnesota Statutes. 2. The City Council will meet at City Hall on Tuesday, the 28th day of February, 1978, at 8:00 o'clock P.M., for the purpose of considering sealed bids for the purchase of said General Obligation Water Revenue Bonds of 1978 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: