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<br />, I <br />! ! <br />I' <br /> <br />t. <br /> <br />".-..,\ <br />. 'J <br /> <br />, I <br /> <br />.. <br /> <br />~! <br /> <br />Extract of Minutes of Meeting <br />of the City Council of the City <br />of New Brighton, Ramsey County, Minnesota <br /> <br />I Pursuant to due call and notice thereof a regular meeting of the City Council of the City of <br />New ,Brighton, Ramsey County, Minnesota, was held at the City Hall in the City on Tuesday, <br />January 9,2001, commencing at 7:30 P.M. <br /> <br />The following members of the Council were present: <br />Larson. Gunderman. Hoffman. Samuelson~ Moore-Sykes <br /> <br />and tile following were absent: <br />None. <br />*** <br /> <br />*** <br /> <br />*** <br /> <br />The following resolution was presented by Councilmember Samuelson who moved its <br />adoption: <br /> <br />RESOLUTION NO. 01-012 <br /> <br />RESOLUTION PROVIDING FOR THE ISSUANCE <br />AND SALE OF $1,825,000 GENERAL OBLIGATION <br />TAX INCREMENT BONDS, SERIES 2001B <br /> <br />BE IT RESOLVED By the City Council of the City of New Brighton, Ramsey County, <br />Minn(jlsota (City) as follows: <br /> <br />1. It is hereby determined that: <br /> <br />(a) <br /> <br />(b) <br /> <br />(c) <br /> <br />I', <br /> <br />(d) <br /> <br />" ~ .":',' . . <br /> <br />SJB-19 ~468vl <br />NE13tH66 <br /> <br />the City has duly established Development District No. 1 (District) pursuant <br />to Minnesota Statutes, Sections 469.124 through 469.134 (the Act); <br /> <br />the City has duly established certain tax increment financing districts (TIF <br />Districts) within the District pursuant to Minnesota Statutes, Section 469.174 <br />to 469.179 (TIF Act); <br /> <br />the City is authorized by Section 469.178 of the TIF Act to issue and sell its <br />general obligations to pay all or a portion of the public redevelopment costs <br />(Costs) related to the District as identified in the redevelopment program and <br />tax increment financing plans (plans) for the TIF Districts; <br /> <br />the Plans authorize the following Costs to be financed by the general <br />obligations: <br />